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The Financial Ombudsman Service needs to be reformed if robo-advice is to stand a chance of flourishing in the UK, a technology expert has told the regulator.

Toby Strauss, the chief executive of Scottish Widows, is to exit the group after four years.

Hargreaves Lansdown is to drop the independent status of its financial advisers in favour of going restricted, and is overhauling its charging structure.

To acquire Vision Group

Lessons on robo-advice

The board of the Institute of Financial Planning (IFP) has voted to approve the merger with the Chartered Institute for Securities & Investment (CISI) for completion by 1 November 2015, as two of the IFP's leading lights step back from the body.

Advisers must work together to tackle toxic firms

The Financial Conduct Authority (FCA) has fined independent advice firm John Joseph Financial Services (JJFS) £20,000 for failings relating to the sale of Keydata products.

Prudential has topped the Financial Conduct Authority's (FCA) list of the most complained about pension firms, as the number of grievances raised about retirement products jumps 20%.

Cyber attacks: How advisers can cut the risk