The report, sponsored by LV=, said the use of scalable solutions, such as robo-advice or online guidance, may reduce the cost of financial advice so that it is perceived as affordable. Robo-advice is an online service that provides automated algorithm-based management advice, typically without the use of a human financial planner. The PPI said in a previous study that those at risk of making poor decisions were people with DC savings of £19,400 to £51,300 and low or no defined benefit entitlement. It added that these people needed advice or guidance mos