St James's Place

Funds under management at St James's Place climbed £2.4bn to £24.8bn in the three months ending 30 September, and have now doubled over the last five years.

St James's Place (SJP) is close to completing a compensation package for some 30 investors who collectively lost millions of pounds in investments made by a former senior partner.

Adviser networks had half of the complaints against them referred to Financial Ombudsman Service (FOS) upheld in the first six months of the year.

St James's Place (SJP) reported a group operating profit of £162.1m for the first half of 2010, up 60% on £101m for the same period in 2009.

St James's Place (SJP) is set to announce bumper first half sales this week in a move that may push majority shareholder Lloyds to offload its stake in the company.

St. James's Place has put three funds run by Nick Purves under review following his resignation from Schroders this week.

Invesco Perpetual's Neil Woodford is one of a trio of highly regarded managers appointed to run balanced managed unit trusts for St. James's Place.

St. James's Place recorded an 84% surge in unit trust and ISA investments over the first quarter of the year.

Lloyds Banking Group could be about to sell its entire stake in St James's Place.

St James's Place (SJP) has welcomed the ‘restricted advice' definition proposed in the RDR.