A quarter of the population have failed to stash savings for emergencies, a survey has suggested.

A new artificial intelligence programme named after the genius that cracked the Nazi’s enigma machine has been launched with the promise that it will ‘revolutionise the UK’s advice sector’.

Clients of two brothers who ran an advice firm have described, the shock, betrayal and “terrible emotional impact” on their lives after they lost pensions and life-savings.

Financial Planners fear the ramifications for clients after a ruling in Italy that advice fees must be subject to VAT.