HUB Financial Solutions, the advice arm of retirement specialists Just Group, has unveiled an automated retirement advice service called Destination Retirement which will charge an initial fee of £299.

A new report out today suggests that 6 million people would seek financial advice if it were cheaper.

I often smile when I read about ‘the next big thing’ in financial services -it’s a sure sign that the so-called experts have no idea.

Investec is to close it direct to consumer Click & Invest online arm after operating losses topped a total of £25m over the past two years.