I’ve felt for a long time that what the fund management sector offers, and Financial Planners and advisers in turn recommend, is often far from what investors want to buy and two surveys this week back up that view.

More than one in three regular savers has avoided investing because there are too many funds to choose from, they say.

A chief executive who spearheaded 400% growth in new business at Scottish Friendly is to leave after 11 years in the role.

Households are worried about financial fragility and external shocks despite a £95 increase in monthly disposable income from £905 to £1,000 in the last quarter, according to a study by Scottish Friendly.