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.

Activist investment firm PrimeStone Capital has praised wealth management giant St James’s Place for its “constructive dialogue” following the concerns it raised with the firm earlier this year.

Retirees who take financial advice are £47,000 better off in retirement - on average - than people who take no advice, according to a think tank which wants government to do more to encourage take up of financial advice.

The Chartered Institute for Securities & Investment (CISI) has appointed St James’s Place Paraplanner Sally Plant as its new head of Financial Planning.