A Treasury Committee member with a background in software engineering says automated advice is an inadequate substitute for a human adviser and suggested its potential is over hyped.

Advisers have reported a significant jump in clients seeking advice since the sweeping reforms to pensions were announced in March.

The sweeping reforms to pensions introduced in the Budget have increased the need for regulators to protect consumers, the chairman of the FCA has said.

Advisers could end up footing the bill when companies get fined for auto-enrolment failures, a wealth management firm has warned.

Scores of responses have been sent to the Financial Conduct Authority regarding proposals to prevent misleading financial promotions through social media services such as Twitter.

A life and pensions firm has reported a rise of 13% in its underlying earnings before tax for quarter 3.

The average hourly rate a financial adviser charges has dropped by 14% over the last year.

A new tool has been launched by the National Employment Savings Trust to help advisers working with companies on auto-enrolment to cut through long winded processes and save time.

The FCA has hit five banks with fines totalling £1.114bn for failing to control business practices in their spot foreign exchange (FX) trading operations.

Paraplanners will come in from the cold today (Thursday 13 Nov), leaving their teepees to one side for a more conventional venue as they meet for the latest in a series of increasingly popular conferences.