St James's Place

A legal firm, which recently launched as part of the St James's Place (SJP) network, has bought two financial services firms, fueling its plans to reach £500m of assets under management (AUM) in five years.

The St James's Place UK High Income fund and two other portfolios have become the latest to exit the IMA UK Equity Income sector for failing to meet yield requirements.

St James's Place (SJP) has reported a strong first quarter with total new single investments of £1.8bn, an increase of 22% on the same period last year.

St James's Place is to reallocate £7bn in mandates currently run by Invesco Perpetual to Neil Woodford and Threadneedle, with a further £700m mandate going to Manulife.

Shares in Resolution and peers tumbled today following reports the Financial Conduct Authority (FCA) is to probe 30 million legacy insurance policies.

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St James's Place will enter the FTSE 100 index following the departure of engineering consultancy Amec and agribusiness Tate and Lyle.

St James's Place (SJP) is set to make its inaugural entry into the FTSE 100 when the index's quarterly review takes place later today.

The number of complaints upheld against networks and nationals by the Financial Ombudsman Service (FOS) have dropped in the last half year, figures show.

St James's Place (SJP) is nearing the acquisition of one of the largest privately-owned IFA firms in the Asia region, in what its chief executive said could represent the first of several moves into expatriate jurisdictions.