More homeowners are turning to financial influencers such as Martin Lewis for financial advice (29%) than are choosing to consult a financial adviser (22%), according to a new report.

VitalityInvest, the investment arm of Vitality, has recruited senior ex-MetLife exec Mark Baldwin as its new investment distribution director as it develops plans to grow.

The US financial giant MetLife is closing its UK wealth management arm to new business and says it will refocus its strategy to “drive the growth” of its Employee Benefits and Individual Protection businesses instead.

About a third of advisers are anxious about the impact of the snap election and the result, as they say this is causing uncertainty and disruption for their business, a report found.