FCA Sounds the Alarm on Rise of Unregulated AI Financial Advice

FCA sounds the alarm on rise of unregulated AI financial advice

The City watchdog is calling on AI providers to go further in protecting consumers as more people turn to the technology to make financial decisions. The Financial Conduct Authority (FCA) is urging AI firms to do more to help consumers who are increasingly relying on generic platforms and chatbots, such as Gemini and Chat GPT, [...]

Experts react as FCA calls on AI providers to clarify limits of financial information and advice

The Financial Conduct Authority (FCA) has called on AI providers to introduce clear, proportionate and consistent disclaimers to help consumers understand the limitations of financial information and advice generated by their models. In a speech delivered today, the regulator highlighted the risk of AI blurring the boundary between regulated and unregulated activity, leaving consumers unclear […]

FCA calls for disclaimers on AI-generated financial advice

The Financial Conduct Authority (FCA) has called on AI platforms including ChatGPT, Gemini and Claude to introduce clearer disclaimers about financial advice generated by their models. The regulator revealed that just 40% of consumers recognise they have no recourse if something goes wrong after acting…