The Money Advice Service wants to link up with Financial Planners and develop a closer working relationship, chief executive Caroline Rookes says, as she stressed their goals are more aligned than they might think.

Chartered Wealth Manager Stuart Ryan is among a duo hired by investment research and fund ratings group RSMR.

Small advice firms will get £1,000 from the PFS to enrol employees aged under 19 into a new scheme to develop them into fully qualified advisers.

A video virtual assistant has been designed to provide financial guidance and cut out the need to see a professional adviser.