A former St James's Place (SJP) adviser was unsurprised to hear its advisers were reportedly kicking up a fuss after their annual cruise was cancelled.
On Sunday (13 October) The Sunday Times ran a story that alleged advisers at SJP had threatened to stop selling investments for the rest of the year unless they were compensated for the loss of their annual cruise holiday. SJP used to reward its ‘top performing' partners - those who sold the most of the firm's products - with a luxury week-long cruise. Following several articles by The Sunday Times, however, the firm's chief executive Andrew Croft launched a review into the incentives and remuneration structure at the firm, and the cruises were consequently axed. According to a former...
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