Nearly one in five consumers (19%) would seek answers to financial questions from a human financial adviser but the figure is only 1% higher than the number who would go to an AI assistant first, according to new research.

The Financial Services Compensation Scheme has launched probes into two failed investment firms this week - IFA firm Verus Financial Services Ltd and investment provider Aspiro Research and Development LLP.

ISA and SIPP manager manager Jarvis Investment Management Limited has entered special administration this week as the firm closes its doors.

Financial Planning firm Amber River has appointed Rick Lowe as chief financial officer as it strengthens its leadership team following its acquisition by US private equity firm Stone Point Capital.

Financial Planning CRM Plannr has launched a two-way integration with widely used Financial Planning software provider Dynamic Planner.

Wealth manager Oakglen Wealth is to acquire East Anglia-based Aurea Financial Planning for an undisclosed sum.

Financial Planner Nine Edge Wealth has increased its headcount from 25 to 34 (36%) in the third quarter following a recruitment drive.

Investment manager Premier Miton has reported £428m of net outflows for the quarter ending 30 September, a sharp reduction from the previous quarter.

Three people have been arrested for insider dealing following a joint operation between the FCA and the National Crime Agency (NCA).

The 120,000 member Chartered Insurance Institute has picked Financial Planning director Debbie Mitchell to be its next President for 2027.