Hello.
Much has been written (or not) about AI and writing. In this industry, the mechanics of it has been largely simple: whether or not AI writing is a good or a bad thing, or whether any of it can be resisted. I’ll be quite frank, I have come across many pieces – not including LinkedIn, which is almost too ridiculous to even spend time on – that bear the hallmarks of AI, with greater and lesser (read clinical, over full stopped drivel) success.
Much has also been written about AI and financial advice. From should we use it, to when should we use it, to somebody mentioning the human touch, to won’t someone think of the paraplanners, etc.
The most philosophically interesting bit, however, is something that sort of chugs along in the background – who, exactly, is accountable for it. Beyond even regulated use cases, can someone identify who’s at fault if client Joe Bloggs gets screwed by AI use at some point in the ‘advice’ process.
A piece in the Times Literary Supplement titled ‘AI and the Crisis of the Author’ is one of the most interesting items I have read on the subject of AI for several reasons.
Firstly, it intersects between notions of accountability and authorship in a way that most writing on the subject rarely does. Secondly, due to the background of the author, Anchit Sathi, who could otherwise be described as an academic in comparative literature and former tech executive at the likes of Amazon, presumably making him some degree of evil.
The article begins with an example from his own life. Due to an inheritance dispute he was helping his sister with, he had to deliver a document which synthesised complex laws from two legal jurisdictions. He sent a document over to her husband, who was pleased with it. Then, a few hours later, he enquired how much was written by AI.
Sathi contends that his brother-in-law was not asking out of hostility but highlights the question does expose the central tension that concerns authorship in AI. Initially admired, in the age of AI there is now a doubt about to whom (or what) he should send the admiration, or if he should admire Sathi for producing it at all.
Later, Sathi argues the development of LLMs has put the focus onto the absence of an author and a desire to assign one, citing the case of a New York lawyer who generated arguments using Chat GPT. In the absence of clear authorship, the institutional mechanism made sure the named lawyer and the firm were found responsible, not the chatbot who generated the original text.
He also cites examples from his time in the corporate world. Apparently, Jeff Bezos requires multiple pages of narrative for important meetings which are read in silence for half an hour ahead of discussion. Sathi suggests this is an example of writing that engages cognition, as preconceptions you had are challenged as you compose. Hence, you work harder to iron them out and make your arguments more robust.
He contended that when the meeting begins with a presentation with slides, it allows for a smooth veneer, making it easier to bypass substance.
AI does something similar in this respect. Whereas before, the labour of writing might force you to confront any flaws, an LLM will give you highest probable way to argue and compare the thought, while not necessarily challenging the original thesis. Without adequate rigour, preconceptions or lack of substance are now baked into the final product.
For Sathi, we combat this by recognising the value of thinking that can be lost, and by making sure that, if AI is being used, it cannot bypass that principle.
Applying this to our world, we need to make sure we protect mechanisms for the full development of innovation and debate, not just place the generation of ideas on a pedestal and have AIs talking to each other through various articles.
The News:
LANG CAT & CLIENT MENTIONS
How six providers are launching low-cost advice services
Mike popping up here.
Source: Citywire NMA
Will the incoming stocks and shares ISA cash interest levy impact platforms?
Mark P in this one.
Source: Professional Adviser
Losses from AI giving wrong advice could be ‘just as severe’ as scams
This piece from Saturn.
Source: FT Adviser
Crypto went mainstream. But it didn’t get less risky
7IM’s Ben Kumar in The Times.
Source: The Times
MM Meets… Anthony Carty: ‘You can’t have your cake and eat it’
Clifton managing director Anthony Carty sits down with MM.
Source: Money Marketing
Platforms Association reveals firms committed to fixing transfer issues
A few clients here earn a mention.
Source: FT Adviser
‘Consumer duty accelerated advisers’ move away from being stock pickers’
Mark Sanderson of Morningstar Wealth pens this one.
Source: FT Adviser
Guardian pays £31.7m in individual protection claims in 2025
Source: Money Marketing
‘Prepared, informed and confident’: Getting clients match fit for 28 October
Nucleus’ Andrew Tully in PA.
Source: Professional Adviser
Just four in 10 retirees believe they are spending the right amount
Some research from Wealthtime.
Source: IFA Magazine
ADVISERS
Advised women less concerned about finances after career break
According to research by SJP.
Source: Money Marketing
Hayley Rabbets’ Evergreen welcomes first financial planner cohort
Six planners signed up.
Source: Professional Adviser
Nil-rate for pensions! What three IFAs would do at the Budget
Source: Citywire NMA
PROTECTION
Insurers put £14.8bn into private assets under £100bn pledge
According to research from the ABI.
Source: Money Marketing
Why IHT on pensions is a protection advice opportunity
Some interesting insight.
Source: Professional Adviser
AI
Anthropic debuts Claude for financial advisers (in the US)
Interesting.
Source: Citywire NMA
A more sober look at world annihilation productions and what means they may be serving.
Source: FT
Wealthier entrepreneurs more likely to trust AI for investments
According to research by HSBC Private Banking.
Source: FT Adviser
PENSIONS & RETIREMENT
DWP aims to roll out consolidation of small pension pots in 2030
For evident reasons.
Source: FT Adviser
Financial advice linked to stronger retirement confidence
You would hope so.
Source: Money Marketing
FCA: nearly a third of pots accessed for first time were advised
The assumption was at least that amount was probably right do so. The rest who knows.
Source: FT Adviser
REGULATION & POLICY
Polymarket presses Europe to treat its bets as financial products
Oh yeah. Nothing sinister in that.
Source: FT
TRADE & ECONOMY
Experts predict rate hike is high on the cards as inflation hits 3.1%
Oh good.
Source: Money Marketing
Bank of England does not need to raise interest rates, says OECD
Source: FT
Treasury open to smaller fiscal headroom to reduce UK tax rises
“What if we, like, got rid of the margin for error?” Some thoughts from Stephen Bush
Source: FT
UK interest rates held despite inflation risk
Spike excepted soon though.
Source: The Times
CRAZY CAT STORIES
Cat reunited with owners six years after going missing in car crash
Always landing on their feet. Or something like that.
Source: BBC News
OUTSIDE THE TRADE
I read 163 novels and these are the six best: Mary Beard on judging the Booker prize
The dream.
Source: The Guardian
Sean McKinven is PR account executive at the lang cat

