Wealth manager St James's Place (SJP) has seen its levy for the Financial Services Compensation Scheme (FSCS) rise 240% last year, denting its £163.7m underlying profits.
The firm said it paid £20.1m towards the £319m FSCS levy in 2015, which had been impacted by a £20m interim levy on life and pensions advisers following a flurry of claims related to "bad advice" on self-invested...
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