St James's Place hit by £6.9m FSCS levy
Wealth manager St James's Place (SJP) has revealed it received a Financial Services Compensation Scheme (FSCS) levy of £6.9m for 2014.
Announcing its first half results, the group said that, due to a new accounting requirement, the expected charge has been recognised in full immediately, leading to a drop in profits. Profit on an IFRS...
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