International products will continue to have early withdrawal charges

The office will support the firm's 250 team members based in the city

Caroline Connellan joins M&G Wealth

Combined entity to now operate as one major wealth management group

Planning firm has around £121m in assets under advice

Comes the same day as it sold its £1bn strong SIPP business

'No longer do clients need to trade off a big drop in income'

'Transformative' project looks to simplify and streamline investing

Deadline for first reporting on progress is next month

Advisers 'may like a new life in the sun like their clients'