Ex-SJP CEO Andrew Croft misses out on annual bonus

In its annual report for 2023, the firm stated Croft's bonus was "assessed to be zero" for his 11 months as CEO, "taking account of the significant overarching responsibility for company performance that goes with the chief executive officer role". The wealth manager's share price nearly halved over the course of 2023, ending the year down 40%, according to data from Morningstar Direct, with the biggest drops attributed to its fee-structure overhaul following the introduction of Consumer Duty. Recently appointed CEO Mark FitzPatrick did not receive a bonus either, as he was new to the...