Ex-SJP adviser: 'Anger over cruise cancellation unsurprising'

SJP reviewing incentives

Hannah Godfrey
clock • 3 min read

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...

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 Your profession

PA Awards 2026: Entries for all categories now open!

PA Awards 2026: Entries for all categories now open!

Our 21st anniversary awards will be held in London next March

Professional Adviser
clock 09 July 2025 • 1 min read
Plannr integrates SmartSearch anti-money laundering checks into adviser workflows

Plannr integrates SmartSearch anti-money laundering checks into adviser workflows

System aims to streamline client onboarding

Sahar Nazir
clock 09 July 2025 • 1 min read
More than half of advisers have seen clients negatively affected by finfluencers

More than half of advisers have seen clients negatively affected by finfluencers

‘Advisers are becoming, in many cases, financial paramedics'

Isabel Baxter
clock 09 July 2025 • 2 min read