SJP funds under management hit record
St James’s Place (SJP) Wealth Management has more than £90bn (€102bn, $127bn) of group funds under management, making 2017 a record year for the restricted advice company.
St James’s Place
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SJP Singapore poaches chief exec from Nexus
St James’s Place Wealth Management Asia has recruited Nexus Financial Services’ chief executive Gary Harvey to head up its Singapore business.
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PEOPLE MOVES: St James’s Place, Jupiter and Credit Suisse
St James’s Place has made two senior hires from The Fry Group in Singapore, Jupiter Asset Management has parted ways with its head of UK retail and Credit Suisse has boosted its Asia investment team.
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PEOPLE MOVES: FCA, SJP, Penningtons Manches and others
The lawyer, who advised the UK government during the financial crisis, looks set to lead the Financial Conduct Authority, St James’ Place new chief executive started settling in at the adviser and private client lawyers Penningtons Manches appoints a trio to its offices.
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Advising British Steel pension transfers too risky, says SJP
Continuing to provide defined benefit pension transfer advice to members of the British Steel Pension Scheme (BSPS) could put St James’s Place “outside its risk appetite”, the firm said.
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PEOPLE MOVES: St James’s Place, 7IM, Deutsche Bank
St James’s Place appoints senior adviser in Asia, 7IM sacks its chief investment officer and Deutsche Bank adds two wealth management teams for Asia push.
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We’re SJP’s ‘only credible scale competitor’ claims Old Mutual
Old Mutual Wealth claims a period of rapid growth means it is now the UK’s second largest advice business and only major competitor to St. James’s Place.
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SJP adds Japan fund amid sharp inflow uptick
St James’s Place confirmed it is preparing to launch two funds this November, as it reported net inflows totalled more than £2bn in the third quarter.
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SJP top adviser in FCA complaints data
St James’ Place is the most complained about adviser for the first half of 2017 according to the Financial Conduct Authority.
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Ex-SJP adviser jailed for gambling away £850k of client money
An appointed representative of St James’s Place has been jailed for 40 months after being found guilty of stealing and losing £844,010 ($1.1m, €940,707) from eight clients over a period of three years.
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Mysterious allowances making pensions murky: SJP
Pension rules are still a murky area in the eyes of savers and tax allowances continue to be a mystery for many people, warns Ian Price, divisional director for pensions at St James’s Place.
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Complaints against SJP up but Sesame worst advice offender
The UK’s Financial Ombudsman Service (FOS) received 22% more new complaints against St James’s Place in 1H17 compared with 2H16 and, despite a drop in the number of complaints against Sesame, the network remained the most complained about advice provider.