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.

Debate is raging about fees and will continue to rage, I suspect, because there is simply no right or wrong answer.

Wealth manager St James’s Place saw profits slump in 2019 after a “challenging year” for the wealth management sector.