FCA promises to go ‘harder and faster’ in reforming financial sector May 7, 2025 The Financial Conduct Authority (FCA) has promised to go “harder and faster” in overhauling the financial sector amid government pressure to shake up a variety of regulatory burdens on firms. The watchdog has pledged to “take another look” at the rules around ongoing advice after wealth managers were forced to set aside hundreds of millions [...]
St James’s Place: Assets slump as firm gears up for fee changes April 24, 2025 St James’s Place lost £3.3bn from weakening markets in the first quarter of 2025, despite investors continuing to pile cash into the wealth manager. The UK’s largest wealth manager reported that its assets under management fell during the quarter for the first time in years, as turmoil in the stock market impacted investments, according to [...]
Can Impax bounce back? April 17, 2025 Today, Impax Asset Management entered into an agreement with European giant BNP Paribas, where the asset manager will provide investment advisory services for one of its funds. But after hitting its lowest stock price in eight years earlier this month, analysts are split on whether Impax Asset Management will be able to bounce back. Impax’s [...]
UK asset managers brace for challenging quarterly results amid market crash April 16, 2025 UK asset managers are bracing for their quarterly results as the fund houses suffer double-digit drops in their share prices since Trump’s tariff regime caused markets to dive. While most UK asset managers have suffered a persistent trend of investors pulling money in favour of low-cost index funds, the firms have been able to rely [...]
Impax stock crashes on profit warning after St James’s Place loss April 8, 2025 Impax Asset Management’s stock price has crashed more than 15 per cent after issuing a profit warning thanks to its falling assets. The asset manager reported a 26 per cent decline in assets under management after losing a £5.1bn mandate from St James’s Place. The £8.8bn drop over the last three months was in large [...]
City broker downgrades St James’s Place despite robust inflows April 2, 2025 RBC has downgraded St James’s Place’s target stock price, while Quilter and Rathbones both received upgrades. RBC analyst Ben Bathurst downgraded his price target on Britain’s largest wealth manager from 1,100p to 1,050p today. St James’s Place’s stock price underperformed today on the news, falling more than two per cent compared to a decline of less [...]
Analysts upgrade Schroders stock amid cost-cutting drive March 20, 2025 RBC analysts have upgraded their Schroders’ stock price target after accounting for the group’s recently announced cost-cutting drive. Analysts at the bank upgraded Schroders’ target price from 395p to 475p, while it is currently trading at 379p, having surged 17 per cent since the start of 2025. The cost-cutting plan came as Schroders issued its [...]
Households feeling poorer despite wealth jump March 7, 2025 Six in ten UK households do not feel financially comfortable despite their wealth having risen by an average of 12 per cent in the last year thanks to better savings rates and good investment performance. According to a fresh study looking at wealth across Britain, the mean household has seen its assets – spanning savings, [...]
Impax slashes jobs after loss of St James’s Place mandate March 5, 2025 Impax Asset Management has made 10 per cent of its employees redundant after losing a £5.1bn mandate from St James’s Place. The 30 layoffs, which Impax said should save over £11m for the firm annually, have occurred over the last six months, the company said in a stock exchange update today. Job losses resulted from [...]
St James’s Place swings to annual profit February 27, 2025 St James’s Place swung to a profit in its annual results as the firm’s turnaround efforts continued to yield results. Britain’s largest wealth manager recorded a £398.4m pre-tax profit, compared to the loss of £9.9m the year prior. Gross inflows for the year totalled £18.4bn, compared to £15.4bn in 2023. Total assets under management at [...]