Almost one in ten investors (9%) said that the source of information they have turned to most to help decide on their investments is social media, with 7% now regarding it as their most important source of information.

The FCA has said big tech firms like Google can do more to protect consumers in areas on the edge of the FCA's regulatory perimeter in its second annual perimeter report.

Financial Planning Week is to run online and on social media 5-11 October to help promote consumer awareness and understanding of how Financial Planning can help consumers.

FCA chairman Charles Randell has lambasted scam investment advertising on Google and social media.