St James's Place to make 500 job cuts as part of cost cutting plan

The wealth manager confirmed that its adviser partnership business will not be affected. However, it is not known which departments will be included in the cuts. This comes after SJP announced a cost cutting plan in its half year results in July, aiming to save £100m per year by 2027. The firm said its cost reduction plans are focused on "simplification and standardisation of processes within the business". In a statement, an SJP spokesperson said: "At our half year results in July, we committed to saving £100m per year from the addressable cost base by 2027. Our cost reduction ...