St James's Place

St James's Place's (SJP) distribution business tumbled into the red last year, which the firm said was due to the cost of hiring more advisers, and a £5.5m Financial Services Compensation Scheme (FSCS) levy.

Analysts at Numis have compared charges from the likes of Barclays, Brewin, Coutts and Rathbones to investigate how industry fees stack up against platforms' newly-unveiled clean prices.

Former St James's Place (SJP) adviser Tim Horrocks has revealed plans to launch an advisory firm later this month called RockWealth.

Wealth manager St James's Place (SJP) saw funds under management (FUM) increase by £9.5bn to a record £44.3bn last year.

National IFA firm Foster Denovo has appointed former Financial Conduct Authority (FCA) supervisor Jane McTigue as compliance and risk director.

St James's Place directors Sue Harris and Alison Hewitt have resigned from the board following Lloyds Banking Group's sale of its remaining holding in the wealth manager.

Skandia head of wealth planning Colin Jelley has left the firm after ten months in the role.

Lloyds Banking Group is to sell its remaining 21% stake in St James's Place.

The lifetime allowance drops to £1.25m at the end of this tax year exposing some people to potential tax charges. Helen Morrissey looks at what advisers can do to protect their clients.

A number of asset managers stand to double their market share if they are prepared to be aggressive on super clean pricing, according to research from Barclays.