M&G Wealth increased its adjusted pre-tax profits significantly in the first half of 2022.

Wealth profits increased from £5 million at 30 June 2021 to £65 million a year later.

This increase demonstrates the growth of the wealth business in the past year and the acquisitions the firm has made to achieve this.

M&G Wealth has partnered with Moneyfarm to launch a direct-to-customer offering, which it hopes will help it serve customers earlier in their...