St James’s Place

At least one large firm heads to Söderberg with a second rumoured to follow

‘The stakes are high’

Retention rate of 95.3%

Funds under management up 16% since 2024

Latest FOS data shows there were 1,426 complaints in H1 2025

In total 18 funds were red-flagged for underperformance

Down from a high of more than £430m

Information sought amid client’s ongoing advice provision concerns

The editor's Friday Night Takeaway from 9 May

Ahead of historic advice review