Prudential’s long-serving group CEO Mike Wells is to retire at the end of March as the company focuses future growth on Asia.

The pandemic has spurred more than half of adults (53%) to seek financial advice to help with increasing money concerns. 

Wealth manager St James's Place has appointed Paul Manduca, currently chairman of Prudential, to become its new chairman when incumbent Iain Cornish steps down in 2021 after two years in the role.

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