4 th March 2021 9:32 am Good morning and welcome to your Morning Briefing for Thursday 4 March, 2021. To get this in your inbox every morning click here. Schroders Personal Wealth sees outflows Schroders Personal Wealth has reported net outflows of £200m in its results for 2020. That might explain why the firm’s goal to become a ‘top three financial planning business’ was recently pushed back by two years. In 2019, Schroders PW net inflows stood at £12.6bn, but this was largely due to the amount transferred from Lloyds’ existing wealth management business into the joint venture. With 2019’s figures still showing the transfer amount, and 2020’s demonstrating outflows, it seems many are still waiting for Schroders PW to really get into gear.