A financial adviser who launched his own robo-advice business last year says he has no worries that the FAMR report might help potential rivals more than his own firm and believes it will have a beneficial knock on effect.

An investment management firm has appointed the former head of the British Army to its advisory board.

The chief executive of Schroders will step down from his position after 15 years with the company and will take up a non-executive chairman role on the board.