The Economic Secretary to the Treasury has commissioned the Financial Services Skills Commission (FSSC) to conduct research on the impact of AI and other disruptive technologies on the UK’s financial services sector. This initiative aims to assess how these technologies will influence business practices, workforce requirements, and skills needs over the next five to ten years. The FSSC is tasked with evaluating the potential effects on sector growth, productivity, and customer experiences, both nationally and regionally. Additionally, the research will identify the specific skills necessary for the successful adoption and deployment of these technologies and propose actionable steps for employers, employees, education providers, and government bodies to develop these competencies. The final report is expected by mid-2027, with the possibility of earlier completion or interim reports to facilitate progress.
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