Lloyds' potential sale of its St James's Place (SJP) stake could be a landmark moment for the bank but the outlook for the wealth manager is less clear, according to investors and analysts.
Lloyds Banking Group is hoping to raise £1bn from the sale of its 60% stake in St James's Place Wealth Management(SJP), according to reports.
Wealth manager St James's Place (SJP) has stepped up recruitment activity ahead of implementation of the Retail Distribution Review (RDR) and on the back of the withdrawal of some advisory firms from the market.
Fraudsters based in Belgium have used the Financial Services Authority (FSA) register details of a St James's Place partner to dupe consumers.
The Financial Skills Partnership (FSP) is to launch a plan to train 150 unemployed graduates as financial advisers.
Wealth manager St James's Place (SJP) is offering a range of extra services to strengthen relationships with new and existing clients.
Profits at wealth manager St James's Place (SJP) rose in the first six months of the year, helped in part by a record quarter for new business.
A Belfast-based former appointed representative of St James's Place has joined Succession Advisory Service, establishing a Northern Ireland hub for the company.