Nearly half of consumers would turn to regulated financial advisers when seeking financial advice, according to a new wealth report.

Over a third (35%) of clients expect their Financial Planner to be an expert on environmental, social and governance investments.

Almost three quarters (73%) of advisers have concerns about the FCA's planned Consumer Duty rules and guidance.

M&G’s Financial Planning arm M&G Wealth has added a new range of six model portfolios focused on investing globally and incorporating ESG factors in its investment process.