The Financial Conduct Authority has found “worryingly” high levels of mistrust of robo-advice among consumers.

The FCA surveyed 1800 people in the UK, who were presented with hypothetical situations in which someone has been offered investment advice from a robo-adviser.

In an overall majority of decisions – 57 percent – the robo-advice offered was rejected.

Goldman Sachs is looking to slow the growth of its online savings account Marcus in the UK, the Sunday Telegraph has reported.

The Telegraph asserted that Goldman “fears that if Marcus gets too big, its UK operation will face a ne...