Omnis Investments, Openwork’s specialist asset management company with £6.9bn under management, has appointed Jupiter Asset Management as manager of its £317m Omnis Income & Growth Fund, replacing Woodford.

Millions of consumers are clueless about where to find financial advice although growing numbers want financial help with their savings and retirement plans.

Adviser network Openwork’s asset manager Omnis Investments is to replace Woodford Investment Management as manager of its £330m Omnis Income & Growth Fund.

Research for IFA network Openwork has revealed growing untapped demand for financial advice.