Adviser platform Novia Financial has merged its operations and technology teams under the direction of chief technology and operations officer Eden Scrivenger.

One in six financial advisers believe that the FCA’s new Consumer Duty requirements on value for money assessments will lead to fee increases for clients.

A new ‘low cost’ advice firm called Hundreds and Thousands has been launched by the former founder of Novia, Paul Boston, to bridge the advice gap for both advisers and consumers.

Adviser platform Novia is to cut its charges from the start of 2023 following a review of its pricing strategy.