Inflation is a worry for two in five older people who plan to pass on £50,000 or more in wealth to loved ones in their lifetime, according to new research.

Wealth manager St James’s Place (SJP) has appointed Justin Onuekwusi as its chief investment officer.

St James’s Place partner firm Apollo Private Wealth has acquired fell SJP firm Cambridgeshire-based Debra Wait Wealth Management.

St James’s Place CEO Andrew Croft is to receive a basic pay rise increase of nearly £30,000 per annum after his pay package fell last year when the firm suffered a drop in Funds Under Management.