New firm to be ‘financial adviser in a pocket’ for young

A new business has been launched with the aim of becoming a ‘financial adviser in your pocket’ for younger people.

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£49 is the cost of a new robo-advice service offering

A new £49 robo-advice service with a free guidance report is set to be launched.

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We trust robo-advice - up to £1,000 - say online investors

Consumers are prepared to use robo-advice to invest up to £1,000 of their savings but less than a quarter would trust it to replace a professional adviser.

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'It's no silver bullet' - PFS warns over robo-advice

Robo-advice is not a ‘silver bullet’ for solving the advice gap and must be approached with “some degree of caution”, the Personal Finance Society has warned.

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