Responding to today’s Mills Review, the FCA's examination of the impact of AI on financial services, pension consultancy Broadstone has warned that consumers must be protected, “from bad pension decisions driven by good-looking AI answers.”

The FCA's eagerly-awaited review on the impact of AI on financial services, The Mills Review - published today - warns that despite the benefits many consumers are concerned about the risks of AI (artificial intelligence).

The FCA’s Mills Review is asking the right questions about AI – that is questions about agentic systems, algorithmic bias and market concentration but for those of us on the frontline of Financial Planning, there’s a more immediate problem that risks getting lost in the debate about 2030, writes Aventur CEO Stacey Body.