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St James's Place CEO outlines bid to recoup fee scandal costs from partners
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investmentweek.co.ukThe business' CEO and chief financial officer (CFO) stopped short of outlining just how much partner firms will be expected to contribute. However, SJP CEO Mark FitzPatrick shared that those firms that could show evidence trails would not be expected to pay in. SJP has set aside £430.6m related to the service issues, according to its latest earnings report. As of its full-year earnings, released in February, it had anticipated a £426m potential cost. Partner contributions will be sought dependent on «underlying evidence», FitzPatrick told investors on SJP's H1 2024 earnings call this ...
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