Smith & Williamson's fund management arm is to launch an actively managed, global artificial intelligence fund in June.

An investment firm has launched its first fully automated investment process wholly managed by artificial intelligence - designed to “eliminate human emotions”.

A Financial Planner believes that artificial intelligence can replace human advisers and will do so - to a certain degree.

A Treasury Committee member with a background in software engineering says automated advice is an inadequate substitute for a human adviser and suggested its potential is over hyped.