SJP sets aside £426m to deal with advice claims

Wednesday, 28 February 2024
Articles
SJP CEO Mark FitzPatrick (during an investor presentation in 2023)

 

Wealth manager St James’s Place Capital has set aside £426m to deal with client claims about historic ongoing advice after a surge in complaints in late 2023.

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Editor’s Comment: A cold shiver…

Friday, 16 February 2024
Articles
Editor Kevin O'Donnell

 

I suspect a cold shiver went down many the backs of many at the larger adviser firms this week with news that the FCA is asking for details of their ongoing charges.

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