Roboadvice goes back to the future
Michael Littlewood developed a computer programme called Planit to provide financial planning tools for Fletcher Challenge staff while he was the company's employee benefits director.
Littlewood, a former co-director of the Retirement Policy and Research Centre, says he now sees the potential for it to be redeveloped as an online roboadvice product.
The tool allows users to enter information about their current circumstances, investments, income, savings, retirement plans and insurances.
It then delivers information about what sort of outcome the user is on track to achieve so they can determine what could be tweaked to change it if need be.
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