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.

The Personal Finance Society (PFS) has appointed Carla Brown as the professional body’s new president.

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

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.