Peace of mind has been cited by well-off investors as the key reason they seek advice from a financial adviser, according to a new study.

Pensions and financial services consultancy Hymans Robertson has selected Jon Hatchett as senior partner to lead the firm from 1 April.

Nearly 4 in 10 consumers (39%) say they are are more likely to buy protection insurance as a result of their experiences during the pandemic, particularly the impact on others.

Pensions and investment consultancy Hymans Robertson Investment Services (HRIS) says its latest study suggests that more than 9 in 10 IFAs are willing to accept that ESG-focused funds and investments may produce lower returns than non-ESG funds - but believe this is an acceptable downside risk.