Investments  

Ex-Morgan Stanley trader launches savings app

"This is where we fit in: we want to help people overcome the initial challenges to saving, and get them to a point where they have the option to go to a financial adviser", Mr Trokoudes added.

The beta-testing of Plum started in October 2016, and is now available for the wider public to sign up.

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Eventually, the team wish to develop a service to help young people "stop getting ripped off on bills", Mr Trokoudes said, "and point them towards and financial planning they may need at different points in their life".

simoney.kyriakou@ft.com