St James’s Place (SJP) former chief executive (CEO) Andrew Croft was not awarded a bonus for 2023.
In its annual report for 2023, the firm stated Croft's bonus was "assessed to be zero" for his 11 months as CEO, "taking account of the significant overarching responsibility for company performance that goes with the chief executive officer role". The wealth manager's share price nearly halved over the course of 2023, ending the year down 40%, according to data from Morningstar Direct, with the biggest drops attributed to its fee-structure overhaul following the introduction of Consumer Duty. Recently appointed CEO Mark FitzPatrick did not receive a bonus either, as he was new to the...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
