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.
Former Friends Provident International Singapore managing director Chris Gill has joined St James’s Place Wealth Management Asia as development director to the international business.
A report by Bestinvest has named and shamed Aberdeen Asset Management and St James’s Place for running some of the worst-performing equity ‘dog’ funds.
Adviser numbers continue to rise at St James’s Place, as funds under management hit £83bn ($108.3bn, €92.9bn) and it revealed plans to launch a growth fund in another sign that it will take more than negative headlines to dent the firm’s market share.
St James’s Place Wealth has suffered another week of grim headlines about its advice model, but for rival IFAs and restricted advisers to win business and clients off what is arguably the market leader is easier said than done.
Financial advisers from St James’s Place are failing to comply with rules on transparency around charges and some are misleading potential customers about what they can offer, an investigation by UK consumer watchdog Which? has found.
The Financial Conduct Authority wants to use the platform review to drive more competition in the asset management sector, but experts are asking whether it is looking in the wrong place.
St James’s Place (SJP) Wealth Management Asia has moved to larger premises in Singapore to develop a stronger presence in the local market and build on its expat-focused business.
The chief executive of South African insurer Liberty has departed with immediate effect. Schroders is losing a 14-year fund manager, while Old Mutual Wealth continues to expand its board.
St James’s Place has partnered with London fintech group Flagstone to offer clients a new online cash management platform.
UK-based wealth manager St James’s Place (SJP) has reported net inflows of £1.99bn in the first quarter of 2017, bringing assets under management (AUM) to nearly £80bn, helped by solid growth in its pensions business.
St James’s Place has launch the international investment plan (IIP), an investment-linked assurance scheme (ILAS), in Hong Kong.
