A significant number of investors under 45 - including those receiving money from inheritance - want their investments to benefit society and not just themselves.

The Personal Finance Society (PFS) has elected John White as its president for 2018/2019 at the professional body’s AGM.

Inflation, as measured by the Consumer Prices Index, rose from 3% in October to 3.1% in November although falling prices for products such as travel goods and financial services prevented a bigger rise.

Wealth manager and Financial Planning group Sanlam UK has appointed Justine Colley as portfolio manager in its London office, where she will report to Charlie Parker, head of portfolio management.