SJP in £6.9m 'goodwill' offer to AIG Enhanced clients

Individual payments, which will be made in April next year, will be calculated on the current value of each client's units in the £5.7bn fund, which St James's Place says total £69m. Additionally, the firm has set up a liquidity facility with Bank of Scotland Private Banking to provide capital, where shown to be necessary, for investors who have taken up AIG Life's maturity plan offer, which will keep them in an alternative fund until 2012. "The collapse in the money markets is unprecedented and our clients are the victims of an extreme and unforeseeable set of circumstances," David Bel...