PIMFA Webinar: Who Signs Off the Machine? AI accountability after the FCA’s October findings

In your firm, AI is drafting suitability reports. It’s summarising client meetings and supporting investment decisions.

But who’s checking the outputs? Who owns the risk? And what happens when AI gets it wrong?

On 19 October, the FCA’s Jessica Rusu set out the regulator’s expectations for AI in financial services. The FCA also published examples of good and poor practice from its testing of firms this year. And a joint FCA and Bank of England survey found that 86% of firms now use AI.

The message for wealth managers is that AI adoption is moving fast and governance needs to keep up. Senior managers can’t hand accountability to a model or a vendor.

Join PIMFA and industry experts for a frank discussion about what the FCA’s latest findings mean for firms already using AI.

We’ll challenge:

1. Everyone’s responsible. So who’s accountable? What do SM&CR and Consumer Duty mean when AI shapes client outcomes, and when the tools come from third parties you may not fully see?
2. Human oversight or human rubber-stamping? Are your people really challenging AI outputs, or just signing them off?
3. Your AI passed testing. Now what? How do you spot errors, bias and consumer harm early, and what evidence would satisfy the FCA?

The question isn’t whether your firm has an AI policy. It’s whether you can prove your AI governance works.

Want to go further? Our live learning course “Your AI Is Live. Who’s in Control?” runs in February 2027 and gives firms a practical framework and readiness checklist.