'SJP refused to compensate rogue advisers' clients' - Three things your clients may call you about this week...

'Cost us £1.3m'

clock • 2 min read

A 'rogue' SJP adviser, lottery millionaires and popular ISAs - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend…

‘Rogue' St James's Place adviser cost us £1.3m Savers are facing losses after Philip Cox, an adviser at St James's Place, sold investments in an unregulated firm owned by a schoolfriend, which then went bust, The Sunday Times reports. Cox persuaded some clients to put money into a start-up called Green World Innovations, which went into liquidation in October 2019, leaving up to 68 investors nursing losses of more than £3.3m. According to the paper, as many as 17 of them were SJP customers advised by Cox, who collectively invested £1.35m over five years. "SJP has refused to compensa...

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