New research suggests that millennials, those aged 18-35, are increasingly likely to turn to robo-advisers although trust in human financial advisers remains high.

Despite the rise of technology the overwhelming majority of adults (75%) would prefer face to face engagement with a financial adviser, research has found.  

Moola, one of the smaller robo-advice firms, is to shut its doors in February after changing hands several times over the last few years.

Until now Financial Planners have treated the threat from robo-advisers as a limited one - and they have been right to do so - but that attitude may need to change, according to a recent report.