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SJP denies responsibility for adviser's sales

clock • 2 min read

A "rogue" SJP adviser, business owners denied mortgages and getting serious about pensions - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend..

Victims face £1.35m loss as St James's Place denies responsibility for adviser's sales Victims of a "rogue" St James's Place adviser face losing £1.35m after the advice giant refused to pay compensation, The Sunday Times reports. Some 17 customers saw their savings disappear after Philip Cox, an SJP adviser for a decade, persuaded them to invest in a start-up called Green World Innovations (GWI), established by his school friend. It went into administration in October. "Cox, 56, used SJP company emails and letter-headed paper to persuade his clients to make the investments between 2...

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