Goldman Sachs has acquired a large stake in robo adviser Nutmeg, investing £45m in the business as part of the deal.

Robo adviser Investec Click & Invest is planning to launch a SIPP in the near future, the company’s chief executive has revealed.

New research has shown that robo-advisers suffer a lack of trust when compared to their human counterparts with 89% of investors saying they would avoid them.

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