Wealth manager Quilter has warned that consumers remain stubbornly wary of financial technology despite yesterday's FCA review of the advice sector suggesting that robo-advice could play a key role in closing the advice gap.

Financial adviser network and wealth manager Tavistock Investments has postponed a general meeting planned to approve a boost to the earnings of senior executives.

Private equity firm Aquiline Capital Partners and fintech Allfunds have pulled out of the bidding race for adviser platform Nucleus.

The Personal Finance Society has welcomed the FCA’s adviser sector study published yesterday showing rising financial adviser numbers but warned there are still too few advisers to meet demand and soaring PI insurance costs are hitting the profession.

Schroders has launched a Shariah-compliant Islamic Global Equity Fund.

Data from the FCA has revealed that 55% of savers with more than £10,000 in investible assets keep all or most of their money in poorly-paying cash accounts.

Industry jargon deters nearly 55% of people from investing, according to a new survey.

Just under half of full-time workers are aware they are paying into a workplace pension scheme.

The XPS Pensions’ Transfer Watch monitoring service has flagged up 64% of recent pension transfers as showing signs of a potential scam, a record number.

FCA chief executive Nikhil Rathi has pledged to support a new digital regulation shake-up announced today by the Competition and Markets Authority.