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St James's Place unveils cost-cutting plan to save £100m annually by 2027
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investmentweek.co.ukAccording to its half-year results published today (30 July), the wealth management firm aims to achieve annual savings of £100m by 2027. By 2030, it anticipates total savings of £500m, with half of that amount being reinvested into the business. The FTSE 250 firm posted net inflows of £1.9bn, a decrease from £3.4bn in the same period of 2023, yet the firm revealed record funds under management of £181.9bn and a 3% net increase in its client base to 988,000. St James's Place overhauls fee structure after regulatory pressure SJP chief executive Mark FitzPatrick said he was «encourag...
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