Wealth manager and Financial Planner Brewin Dolphin has reported total funds under management down 14.6% to £41.4bn in the last six months but says demand for financial advice is up.

Retirement products provider Just is planning to pilot a ‘disruptive’ advice arm this year targeted at people with modest pension savings.

The FCA is to scrutinise the harm to consumers from advisers who levy ‘excessive fees and charges.’

Low cost fund manager Vanguard is mulling plans to enter the UK financial advice market and, at the same time, boosting its team working with advisers and engaging direct with consumers.