Financial Planner Tavistock has sold its hybrid digital app business LEBC Hummingbird back to a wholly-owned subsidiary of original owner LEBC Holdings Limited for £3m.

Financial Planning group Tavistock is to acquire the ‘bionic’ personal financial app business LEBC Hummingbird from retirement adviser LEBC Group for £3m.

Financial Planning-based adviser and pension benefits company LEBC has unveiled what it calls a ‘Bionic Advice’ service designed to make financial advice more widely available and more affordable.