MUMBAI: As the global financial planning community celebrated World Financial Planning Day 2026 this October, FPSB India is the Indian subsidiary of Financial Planning Standards Board (FPSB), unveiled the Financial Planning Standards Board’s (FPSB) 2026 ‘Impact of AI on Financial Planning’ survey report, highlighting how artificial intelligence is increasingly reshaping financial planning ecosystem and consumer engagement with financial information.
Conducted across 37 territories including Australia, Austria, Brazil, Brunei, Canada, Chinese Taipei, Colombia, Costa Rica, Czech Republic, France, Germany, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Luxembourg, Malaysia, Namibia, the Netherlands, New Zealand, People’s Republic of China, Poland, Republic of Korea, Singapore, Slovakia, South Africa, Spain, Switzerland, Thailand, United Arab Emirates, the United Kingdom, the United States, and Zimbabwe and based on responses from over 8,000 financial planners the study shows that AI adoption is rapidly moving into the mainstream. Eight in 10 financial planners say their firms are already using AI or plan to adopt it within the next 12 months, up from six in 10 in 2025. 93% of financial planners report improved work efficiency, 52% cite increased operational efficiency and 49% say they are able to serve more clients. Additionally, 70% believe AI can improve access to financial planning for underserved populations, while 68% expect it to help lower the cost of services. As consumers increasingly engage with AI-generated financial information, 33% of planners report clients using AI for general financial education, while 25% say clients use it to validate or compare professional advice. Further, 21% report a greater need to contextualise or correct AI-generated information, while 19% have observed more collaborative discussions with clients.
Speaking on the occasion of World Financial Planning Day, Ramesh Vishwanathan, CEO, FPSB India, said: “AI is rapidly transforming how financial information is created, accessed and consumed. information alone is not enough While the technology offers significant opportunities to improve efficiency and broaden access to financial planning. Financial decisions require context, judgment and an understanding of an individual’s goals, priorities and circumstances. As AI becomes more widely used, the role of qualified financial planning professionals in helping consumers interpret information in individual context and make informed decisions becomes even more important. The findings suggest that AI is enhancing efficiency and expanding capacity across the profession. At the same time, the research highlights the growing importance of professional interpretation and judgment. You use AI every day. Now get your AI Quotient. Take the AIQ test.