IFAs need training on AI, and what better route than interesting use cases? BAT and AI can produce use cases, from the British Steel pension transfer debacle that scarred the reputation of IFAs. This has slid off the front pages with higher interest rates reducing pay outs. It is worth revisiting. Data lies in the 2021 accounts of Quilter, back when this all kicked off. £23m was reserved for claims by Quilter, Chuck the Annual Reports into AI and it will tell you that £16m was paid out, and £12m claimed from PI insurance.
I repeat. Open ChatGPT, and pull their last five annual reports into upload and ask the question. Then make yourself a coffee. The research takes five minutes, and produced the numbers above, a task that might have taken 2 hours in the good old days.
If this isn’t good enough for you, then BAT never will cut it.
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