Seven digital advice businesses have joined forces to push the benefits to consumers of digital advice over traditional advice.

Royal London has acquired fintech firm Wealth Wizards from Liverpool Victoria for an undisclosed sum.

Fintech firm Wealth Wizards, which combines Chartered Financial Planning and robo advice, has launched an automated ‘algorithmic’ abridged advice service for DB transfers.

Financial Planning tech firm Wealth Wizards has revealed it is developing software that will enable financial advisers to implement a digital ‘abridged advice’ service.