St James's Place Financial News
15.12 / 10:29
acquisitions
companies
fundraise
SJP
St James's Place
SJP looks to raise up to £1bn to buy out partner businesses - reports
New SJP chief executive Mark FitzPatrick (pictured).
25.01 / 11:45
Investments
companies
Results
Pensions
SJP
St James's Place
place
Net inflows halve at St James's Place over 2023
St James's Place CEO Mark FitzPatrick
21.12 / 12:22
companies
St James's Place
Polen Capital takes over Somerset Capital Management's UK funds
As part of the transition, a team of Somerset portfolio managers, including Mark Williams, the portfolio manager of the Asia Income and Emerging Market Dividend Growth strategies, will be moved into Polen Capital’s emerging markets team in London and Asia.
11.12 / 15:47
companies
Sky News
Acquisition
AssetCo
St James's Place
AssetCo eyes takeover of Somerset Capital Management funds
Martin Gilbert (pictured) is executive chair of AssetCo.
04.12 / 15:31
companies
emerging markets
St James's Place
Somerset Capital loses two-thirds of assets as SJP severs ties - reports
Somerset went from managing $3.5bn in assets at the end of October to about $1bn, after SJP transitioned about £2bn away from Somerset on 20 November.
01.12 / 08:11
Wealth managers
financial conduct authority
Alternatives
private markets
St James's Place
SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets
Justin Onuekwusi (pictured) took on his role as CIO of the FTSE 100 firm at the start of October.
24.11 / 14:05
property
Unit trusts/OEICs
M&G
St James's Place
open
NOT
Deep Dive: A 'bleak' future but not a 'forgone conclusion' for open-ended property funds
'Let us not be fooled into thinking the challenges faced by the likes of M&G and St James’s Place render the future of these structures a foregone conclusion.'
20.11 / 15:23
fees
companies
Unit trusts/OEICs
St James's Place
place
St James's Place changes managers and reduces fees for two funds
The Balanced Managed fund will reduce fees from 0.36% to 0.34% per annum, while the Continental European fund from 0.26% to 0.08%.
15.11 / 08:33
companies
AGM
SJP
shareholders
St James's Place
executive pay
SJP tackles shareholder dissent over executive pay
According to the full AGM results, this was the only issue to not receive at least 90.9% of votes in favour.
13.11 / 20:17
property
Unit trusts/OEICs
OEIC
St James's Place
Time
open
TIME Investments suspends open-ended property fund on 'material uncertainty'
The fund invests predominantly in residential freehold properties, which Oli Creasey, property research analyst at Quilter Cheviot, said had faced concerns over regulatory changes for some time.
02.11 / 10:57
regulation
fees
Financial Services
Consumer Duty
St James's Place
NOT
FCA warns 'top priority' Consumer Duty 'not once and done' event
The regulator warned firms they have to embed customers’ interests centrally in their culture and purpose, across strategy, governance, leadership and people policies, not just compliance.
23.10 / 08:49
property
St James's Place
UK property
place
St James's Place suspends property fund and temporarily reduces fees
A trio of reasons was given for the suspension and deferral, including a general fall in demand for UK commercial property.
17.10 / 14:33
Asia
companies
Middle east
St James's Place
place
St James's Place keeps exit fees for Asia and Middle East products amid sweeping UK overhaul
The firm further confirmed that there would be no changes to these international products, which would continue to have the early withdrawal charges and were subject to the local regulatory rules.
17.10 / 08:13
companies
FCA
Wealth Management
Consumer Duty
assessment of value
St James's Place
place
regulatory
St James's Place overhauls fee structure after regulatory pressure
Andrew Croft (pictured) is the outgoing CEO at St James's Place.
13.09 / 07:37
CEO
People moves
SJP
St James's Place
prudential
Mark FitzPatrick named as successor to SJP CEO Andrew Croft
Andrew Croft (pictured) has been at SJP over the last three decades and took over as CEO in 2018.
11.09 / 15:19
companies
SJP
St James's Place
place
St James's Place launches probe into private school fees tax strategy
The wealth manager said it was looking into Apollo Private Wealth, which published a LinkedIn post a month ago advertising «setting up a tax-free efficient fund to pay private school fees».
31.08 / 16:17
CEO
Deloitte
Sky News
People moves
St James's Place
prudential
reports
place
Former Prudential chief Mark FitzPatrick leads race for next St James's Place CEO - reports
Former Prudential group CEO Mark FitzPatrick
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