More than 1,300 financial advisers have signed up to the Pension Transfer Gold Standard in the past 12 months but the number re-registering is set to fall as disillusioned advisers quit the market.

Wealth manager St James’s Place says its adviser numbers grew by more than 300 in the past quarter to 4,271 - up 8%.

The Financial Services Compensation Scheme has warned that there is a ‘high risk’ of a supplementary £46m levy on advisers and providers.



Trade association PIMFA, which represents 1,000 investment managers and financial advisers has launched a new ‘Financial Journeys Campaign’, to help highlight the importance and link between financial and mental wellbeing.