SEARCH
Technology adoption in advice accelerated by 5 years due to pandemic
Technology adoption in advice accelerated by 5 years due to pandemic
The COVID-19 pandemic has drastically accelerated the adoption of technology in the advice sector.
During the latest episode of the ifa Show, Craig Keary, Asia-Pacific chief executive of digital advice provider Ignition, said the disruption happening in financial services and the advice sector due to the pandemic has accelerated by around five years.
Because of this, Mr Keary said the demand for financial advice and accessibility to quality advice has never been greater.
“So if I added all up, you’ve got a burning need for financial advice from consumers, you’ve got consumers that are very happy to engage in a hybrid or a digital way, and you’ve got all of us, including the institutions that provide these solutions a lot more comfortable with the use of technology,” he said.
In particular, Mr Keary said some of the people most impacted by the pandemic over the last two years have been people planning to retire and those who have had to put “life events” on hold.
“As a result of that, the need for advice has never been greater,” Mr Keary explained.
“I have a strong view that where you’ve got financial stress increasing, you’ve got mental health challenges increasing. The two are very related.
“What can actually solve that? It’s actually advice. It’s actually having the ability for somebody to sit down, engage in a way that’s in a cost-effective way around financial advice.”
Listen to the full podcast here.
About the author
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily. Neil is also the host of the ifa show podcast.
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily. Neil is also the host of the ifa show podcast.
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
latest articles
OUR PLATFORMS AND BRANDS
- Accountants Daily
- Accounting Times
- Adviser Innovation
- Australian Aviation
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Center
- Investor Daily
- Lawyers Weekly
- Money Management
- Mortgage Business
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- Which Investment Property
- World of Aviation
EVENTS AND SUMMITS
- Accountants Daily 30 Under 30 Awards
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian Aviation Awards
- Australian Broking Awards
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Space Awards
- Australian Space Summit
- Better Business Summit & Awards
- Corporate Counsel Summit & Awards
- Cyber Security Summit & Awards
- Defence Connect Budget Lunch
- Defence Connect DSR Summit
- Fund Manager of the Year Awards
- ifa Excellence Awards
- ifa Future Forum
- Investor Daily ESG Summit
- Lawyers Weekly 30 Under 30 Awards
- Lawyers Weekly Women in Law Forum
- Mortgage Business Awards
- New Broker Academy
- Partner of the Year Awards
- REB Awards
- Reinnovate
- SME Broker Bootcamp
- SMSF Adviser Technical Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Law Awards
- Accountants Daily Podcast Network
- The Adviser Podcast Network
- Australian Aviation Podcast Network
- Defence Connect Podcast Network
- HR Leader Podcast Network
- The ifa Show
- The Lawyers Weekly Show
- Mortgage Business Podcast Network
- REB Podcast Network
- Relative Return
- The Smart Property Investment Show
- Space Connect Podcast
PODCASTS
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
