Wealth manager St James’s Place (SJP) says four experienced Financial Planners have joined the firm as Appointed Representatives (ARs), adding their partner practices to the network. 

The FCA has urged principal firms to strengthen their oversight of inactive appointed representatives (ARs) following a supervisory review which found gaps in governance, reporting and consumer protection.

The Treasury is to consult on plans to introduce a tougher regulatory regime for 34,000 appointed reps.