Financial advisers have broadly welcomed the FCA’s new proposals for targeted support for pension savers but have warned more clarity is needed if they are to succeed.

Many people are failing to prioritise retirement planning until age 55, according to a new report which paints a worrying picture of late or poor preparation.

Some 62% of advised clients have never switched financial adviser, according to a major survey by wealth manager St James’s Place.

The Financial Ombudsman Service (FOS) received 485 new complaints about wealth manager St James’s Place in the first half of 2024 - almost double the previous half year - despite total complaints for the pensions and investments sectors falling.

Wealth manager St James’s Place saw assets under management rise to a record £184.4bn at 30 September (Q3 2023: £158.6bn), despite a drop in net inflows for the quarter.

Reaching a milestone birthday is the most likely major event or milestone to drive consumers towards seeking professional financial advice, according to a new report.

I’m prompted to ask the question posed in the headline after reading several recent surveys suggesting that, given a choice, most people do their very best to avoid taking financial advice.

The St James’s Place Financial Adviser Academy has welcomed 180 newly-qualified advisers to a career in Financial Planning.

A major new consumer financial survey has revealed that 24.6m people in the UK have never taken financial advice or guidance with 11m saying ‘perceived barriers’ deter them from seeking advice.

Two thirds (68%) of UK adults believe it’s important they leave an inheritance, but mortgage and rental costs are hitting their hopes of handing down a legacy.

Despite wanting to leave an inheritance, the majority of UK adults are struggling to do so, according to a new study from wealth manager St James's Place.