The FCA’s Mills Review published on 06 July 2026 (The Mills Review: AI and the future of retail financial services) is not just another paper on AI; it’s a milestone signpost that the architecture of UK retail finance is about to change. At its heart lies the question as to what happens when financial services moves from AI that passively advises to AI that acts in consumers’ decision processes, and how the industry puts into place market infrastructure to safely allow this to happen….
By: Ashurst Perkins Coie
By: Ashurst Perkins Coie
