Consumers are prepared to use robo-advice to invest up to £1,000 of their savings but less than a quarter would trust it to replace a professional adviser.

Robo-advice is not a ‘silver bullet’ for solving the advice gap and must be approached with “some degree of caution”, the Personal Finance Society has warned.

eVestor, the new online investment advice business, has appointed a new technical development director to deliver the firm's new online and app based propositions.

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