One in four IFAs looking to introduce AI in 2025, study finds

Twenty-three per cent of independent financial advisers (IFAs) are planning to introduce AI tools into their services to clients within the next 12 months, according to a new survey from Opinium.

The findings by the research and insights agency follow the Prime Minister’s announcement of Government plans to expand the uses of AI to boost growth and efficiency.

Opinium’s research, which was carried out via an online survey of 200 IFAs, did also find that most respondents (64%) are not planning to introduce AI into their practices in the next year. Around one in seven (14%) said they already use AI tools.

According to the research, IFAs are currently divided on whether AI will help or hinder their business and the industry. Opinium found that 57% don’t feel it will have a positive nor negative impact on their firm, while 45% thought the same about its potential impact on the industry.

However, while just over a quarter (27%) of advisers perceive AI as a risk, a majority (56%) view it as an opportunity.

Global head of financial services research at Opinium, Alexa Nightingale, commented: “Slowly but surely, IFAs are adopting AI within their practices, although the majority of the industry still has no intention to utilise AI tools.

“IFAs remain divided as to the benefits of AI, and while some are cautious about the risks, it's encouraging to see over half of advisers viewing AI as an opportunity. AI has the potential to support with admin and reporting tasks, streamline processes and more, giving advisers more time to deliver more personalised advice to clients.

“Embracing these technologies can help firms stay ahead of the curve, and help advisers deliver a better service to existing and new clients.”



Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.

In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.

Air and the role of later-life lending
Content editor at MoneyAge, Dan McGrath, spoke to the chief executive officer at Air, Will Hale, about the later-life lending industry, the importance of tailored advice and how technology and obligations have shaped the sector.


Inside the world of high net worth lending
The mortgage market continues to evolve, and so too does the answer to the question: what is a high net worth individual in today’s market? In this episode of the Mortgage Insider podcast, host Phil Spencer is joined by Stephen Moroukian, Head of Product and Proposition for Real Estate Financing at Barclays Private Bank, and Islay Robinson, founder and CEO of Enness Global. Together, they explore what brokers really need to know when supporting high net worth individuals.

The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.