M&G Wealth’s managing director David Montgomery is to leave the business in August, the company has confirmed.

Clare Bousfield, the CEO of retail and savings at investment and wealth management firm M&G plc, will step down in the autumn, the company announced today.

Nearly one in 20 (4%) of staff at fund and wealth manager M&G are to be offered voluntary redundancy as the firm continues to streamline its business.

Professional Independent Wealth Advice (PIWA), part of the now M&G Wealth-owned Sandringham Financial Partners, has hired a new joint CEO and new COO from Abrdn.