The Aviva-owned robo-adviser Wealthify has signed a partnership deal with wealth manager LGT Vestra to offer lower wealth clients a low-fee digital investment option.

The FCA has launched High Court proceedings against 24HR Trading Academy Ltd and its sole director, Mohammed Fuaath Haja Maideen Maricar for allegedly advising on investments via social media without FCA authorisation.

A Sheffield financial advisor who stole more than £600,000 from his own family members to fund a life of luxury has been jailed for over six years.

Bosses at an adviser training academy fear planned apprentice schemes could be ‘destroyed’ after hitting a “large stumbling block”.