The offering is aimed at advisers' dormant clients
EQ Investors, the high-end investment adviser led by Bestinvest founder John Spiers, has revealed it will launch a simplified advice service at the end of the month.
Risk profiling software developer FinaMetrica has launched a robo-advice toolkit targeting investors with under £100,000 to invest.
The regulator has said it understands advisers' concerns about their liability for simplified advice, saying it has made the issue a core part of the Financial Advice Market Review (FAMR).
National advice firm Lighthouse Group has entered an 'affinity' contract with the Association Of Teachers and Lecturers (ATL), gaining it access to 170,000 prospective new clients.
Investment giant BlackRock has acquired US robo-advice business FutureAdvisor, through which it plans to reach out to the "mass affluent".
Generalist advisers will be put under pressure by cheap automated alternatives as consumers increasingly question the value of advice, online adviser Wealth Horizon has said.
A small IFA firm has used its love of social media to create an automated financial advice service for those priced out and cut-off from traditional advice.
Financial Conduct Authority (FCA) policy director David Geale has dismissed concerns some retirees have been priced out of advice - but said the challenge was matching those firms able to serve lower income clients with the relevant consumers.