Further consolidation in the direct to consumer platform sector is on the cards as providers struggle to find new business, according to investment consultancy Fundscape.

Digital wealth manager Moneyfarm has launched a ‘platform as a service’ known as '&me' for M&G and powered by M&G Wealth.

Growing digital wealth manager Moneyfarm has appointed former Virgin Money chief Dame Jayne-Anne Gadhia as chair.

Asset manager M&G’s wealth management arm has partnered with robo adviser Moneyfarm to launch a direct to consumer digital wealth proposition.