St James's Place's (SJP) distribution business tumbled into the red last year, which the firm said was due to the cost of hiring more advisers, and a £5.5m Financial Services Compensation Scheme (FSCS) levy.
SJP reported operating profits of £462.7m for 2013, up 26% on the previous year, during a period in which it said it added 45,000 new clients. The key driver of the improved result was the increase...
Quilter's Jennifer Christian joins as investment specialist
Due to Covid-19
Lowest CPI reading since August 2016
North American Equity fund
Markets seem to have been ignoring the fundamentals for some time, writes Julian Howard, but the gap between economic and market reality seems to have widened through the crisis, even as a deep depression looms large…
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CETV could be delayed too
4% said ESG mattered "a lot"
Costly DB scheme regulations can result in abuses of equitable relations among stakeholders, say Iain Clacher and Con Keating.
Enhances portfolio valuations