SJP chair steps down
St James’s Place (SJP) has announced its chair and director of the company Sarah Bates is retiring and will be replaced by a senior independent director, as the company implements its updated succession plan.
St James’s Place (SJP) has announced its chair and director of the company Sarah Bates is retiring and will be replaced by a senior independent director, as the company implements its updated succession plan.
The FCA has slapped a fine and prohibition order on a former St James’s Place trainee financial adviser who repeatedly lied and faked a document in a bid to advise retail investors without gaining the necessary qualifications.
Weak stock markets have hit St James’s Place (SJP) funds under management, which dropped in the first quarter of 2018.
SJP adds two partners in Hong Kong including former Coutts discretionary management head, AMP chief brings forward resignation over lies to regulator and Arbuthnot Latham chief executive steps down unexpectedly.
St James’s Place, Provident Financial and several investment trusts are among a raft of FTSE companies the Investment Association has written to demanding an explanation for poor gender balance at executive level or risk a shareholder mutiny.
Growth in Asia and benefits from its purchase of a UK asset management firm could see shares in St James’s Place power ahead this year, according to analysts at UK stockbroker The Share Centre.
Complaints about advice companies made to the UK’s Financial Ombudsman Service (FOS) eased across the board in the second half of 2017, while Aviva and Barclays bucked the trend and saw complaints rise, according to updated figures.
St James’s Place hires a partner from Odyssey Asset Management, Guernsey Finance appoints a permanent representative in Hong Kong and Pensionhelp snares an ex-Financial Conduct Authority (FCA) heavyweight.
Funds under management rose 28% at St James’s Place Asia in 2017, with the company reporting regional gross inflows and growing adviser numbers.
One of the founders of St James’s Place, Mike Wilson, has died at the age of 74 following a battle with cancer.
St James’s Place Wealth Management has launched discretionary managed accounts in Hong Kong, its first such offering in Asia.
IFA firm Active Wealth has gone into liquidation, four months after it was suspended from taking on new clients after the UK regulator raised concerns it gave “questionable advice” to British Steel Pension Scheme (BSPS) members.