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Robo-IFA launches

Mr Bell added: "For CNWL it has been a fantastic initiative – we have been supported by great partners in Wealth Wizards and have some quantitative data about the financial health and wellbeing of our staff to help develop our plans."

Martin Bamford, chartered financial planner at Informed Choice, said: "Delivering financial advice at scale requires a technology solution. There simply aren’t enough human financial advisers to go around to satisfy current demand, let alone fill the reported advice gap and make positive improvements to our national personal finances. 

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"A combination of chatbot and human adviser seems like a very sensible way to reach a very large audience.

"Computers won’t replace humans just yet when it comes to advice delivery, but you had better believe that time is coming before too long."

MyEva is the latest in a string of robo-advisers that have launched in the UK in recent years.

But some are sceptical that the strategies make sense economically. Investec closed its robo-service in May after tallying up losses of £32m over two years.