Wealth manager St James’s Place has reported a slowdown in new client investment as the impact of Covid-19 hits investor confidence.

Royal London has sold its adviser platform business Ascentric - which has £14bn in Assets Under Administration - to fund manager M&G.  

More than four in ten (45%) British savers expect to draw cash out of savings and investments to cope with the impact of Coronavirus on their household’s finances.

Financial Planner Robert Lewis of Celtic Financial Planning in Wales has spent the last month using his 3D printer to make face shields to protect healthcare workers and allow them to safely do essential work.

More than 5m people have fallen victim to a financial scam since the Covid-19 pandemic or know someone who has.

In the first quarter of this year the number of over-55s turning to equity release products increased year on year but they took less cash out on average than previously.

A new report on retirement income has revealed that 15% of people are still working past 65 with many concerned they have enough income to retire completely.

Schroders Personal Wealth, the new Financial Planning joint venture between Schroders and Lloyds Bank, has added two experienced hires from Morningstar and Quilter Cheviot.

Wealth managers and fund managers are the most likely financial services firms to recover swiftly post-lockdown, according to predictions from a City adviser and research company.

Shareholders in fund manager Jupiter have voted to approve the takeover of rival Merian at the company’s AGM this week.