The target for Schroders Personal Wealth to become a top 3 Financial Planning business by 2023 has been pushed back two years to 2025 amid signs growth is providing harder to achieve than expected.

Hargreaves Lansdown has seen the average age of clients drop from 45 to 37 in what it believes is a significant shift in its client demographics, it revealed today in its half yearly results.

Assets on platform engine provider GBST’s Composer wealth management administration platform increased by 12% to £150bn in 2020.

Gross inflows at wealth management giant St James’s Place (SJP) fell 5% in 2020 to £14.33bn, according to its latest trading update published today.