Robo-advice is failing to win the trust of consumers despite massive advertising, a new poll has shown, falling well below human advisers.

Financial adviser delegates have identified the biggest threats to their businesses as being large product providers going direct to clients and robo advice.

Technology such as self driving cars and robo-advisers will gain the public’s trust increasingly as people become accustomed to them, a financial tech firm boss believes.

People are deeply sceptical about robo-advice and prefer human financial advisers, research has indicated.