Monte Carlo re-runs the future

Tony Wolfe says two minutes spent with forecasting software could help clients plan ahead and help restore confidence in a battered industry

At a time when every day sees dire headlines about pensions and financial planning, it is critical for the industry to restore consumer confidence and give people a greater understanding of the way their financial futures are likely to evolve. For many clients, the financial services arena seems a gamble, their fears fuelled by tales of collapsing pension funds and share values. And many advisers remain unaware of the technological innovations that could improve the accountability and credibility they offer. Tools which have been available via the internet for some time are just beginni...