General · 12 February 2026
Artificial intelligence fears hit UK wealth and insurance stocks
Shares in major British wealth management firms and price comparison websites have plummeted due to growing anxiety over artificial intelligence disruption. St James’s Place and Mony Group saw significant declines after US tech firms launched AI tools capable of automating tax strategies and insurance quotes. Analysts warn that these agentic technologies could severely impact revenue models.
Reported by Guardian · How we write briefs