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

Wealth manager St James’s Place is to withhold a third of its proposed 2019 final dividend until the impact of the Coronavirus outbreak becomes clearer.

Wealth manager St James’s Place was responsible for 10% of all pension transfers analysed by pensions actuarial consultants Lane Clark & Peacock (LCP).

Next week our new Chancellor, just weeks into the job, will attempt, to sort out some of the mess which befuddles the UK pensions landscape. I’m not hopeful.