FCA launches long-term review into AI and retail financial services The FCA has announced a forward-looking review into how artificial intelligence could reshape retail financial services over the next decade. The review will examine how rapidly advancing AI capabilities may affect consumer behaviour, market dynamics, competition, and the way firms design, distribute and monitor financial products. Importantly, the FCA has been clear that there is no immediate change to regul

FCA launches review as non-human intelligence could surpass human reasoning The FCA has launched a major forward-looking review into the impact of advanced artificial intelligence on retail financial services, looking out to 2030 and beyond. Led by Executive Director Sheldon Mills, the review will examine emerging technologies such as agentic AI, neuromorphic computing and the possibility of non-human intelligence exceeding human reasoning capabilities. Prompted by concerns f