Schroders has made changes to its leadership with Schroders Personal Wealth CEO James Rainbow moving to UK and Latin America Distribution head.

Schroders new Financial Planning business - which began operations this week - may recruit more than the 700 planners originally envisaged.

The launch of a new Financial Planning firm, Schroders Personal Wealth (SPW), is exciting news and I believe new entrants to the financial advice market must be welcomed not feared, writes Simon Goldthorpe of Beaufort Group.

I’m finding it difficult to decide whether the new Schroders Personal Wealth Financial Planning business announced this week, a joint venture between fund manager Schroders and Lloyds Bank, will augur well for the Financial Planning profession.