SJP to exit Investment Association amid trade body cull

Not providing value for money

Daniel Flynn
clock

St James's Place has followed the likes of M&G and Schroders in leaving the Investment Association, and will also sever ties with additional industry bodies.

The company said its business the growth in scale and complexity of its business over the last few years led it to review its involvement with industry bodies, which often involve a hefty membership fee. A spokesperson for the company said: "We have concluded that none fully meet the needs of our business and therefore are not providing value for money. "Of course we will continue to play an active role on industry issues and will review our position regarding membership of the various professional bodies asappropriate." Guy Sears (pictured), interim chief executive at the Investme...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Aviva's wealth arm posts net flows of £10.9bn

Aviva's wealth arm posts net flows of £10.9bn

'Momentum' in platform asset gathering

Alex Sebastian
clock 05 March 2026 • 1 min read
FCA warns on firm's 'unsuitable' financial advice

FCA warns on firm's 'unsuitable' financial advice

HDH Investment Services had permissions restricted in January

Isabel Baxter
clock 05 March 2026 • 2 min read
Söderberg & Partners invests in three more UK advice businesses

Söderberg & Partners invests in three more UK advice businesses

Swedish wealth manager backs trio of ‘high calibre’ UK firms

Jenna Brown
clock 05 March 2026 • 2 min read