SJP's ongoing services review 'progressing at pace' with completion expected this year

In its 2026 results, published this morning (25 February), SJP stated that it anticipates "programme completion during 2026". The wealth manager confirmed the provision stood at £272.3m as of 31 December 2025, down from £425.1m in 2024 and a high of more than £430m. SJP released a further £25m from the provision on a pre-tax basis in the second half of 2025, in addition to the £84.5m it released in the first half of the year. This brings the total pre-tax amount released from the provision during 2025 to £109.5m. The release in the second half of the year equated to £18.7m on a ...