Which companies are set to join the FTSE 100? November 26, 2024 Three UK companies are expected to be promoted to the FTSE 100 next month, with Games Workshop set to move to London’s top index for the first time. The Warhammer-maker has seen its stock price jump 35 per cent since the start of 2024 after reporting revenue that was ahead of expectations. St James’s Place [...]
St James’s Place continues exec shakeup with new chief risk officer November 12, 2024 St James’s Place has continued its shakeup of senior staff with a new chief risk officer as Britain’s biggest wealth manager works to rebuild credibility. Chief risk officer Mark Sutton, who had worked at the firm for the last seven years, represents the third executive to depart in just over a year. A St James’s [...]
St James’s Place: More changes in mandates to come, CIO says October 25, 2024 There will continue to be a significant shake-up in who manages some of the biggest funds at the UK's largest wealth manager, the chief investment officer of St James's Place has told City AM.
St James’s Place ditches manager of lagging £9.9bn fund October 22, 2024 St James’s Place has ditched one of the managers of a struggling £9.9bn fund as Britain’s biggest wealth manager looks to recover from a troubling year and deliver more value for its customers. Impax, which has co-managed St James’s Place Global Quality Unit Trust since 2021 alongside five other investment houses, has been dropped by [...]
St James’s Place: Analysts back UK’s largest wealth manager October 18, 2024 By the end of the quarter, funds under management had swelled to £184.4bn, up from £181.9bn the quarter before and also ahead of consensus.
St James’s Place: More inflows for UK’s biggest wealth manager October 17, 2024 St James’s Place recorded net inflows of £890m over the three months to 30 September, continuing the strong pace of inflows that Britain’s biggest wealth manager has enjoyed over 2024. The company’s retention rate stayed at 94.6 per cent, though the wealth manager has yet to finish axing its controversial exit fees. Gross inflows were [...]
St James’s Place: Most of our funds are failing to deliver value on performance September 27, 2024 In total, 30 of the 39 funds run by St James’s Place were deemed to be lagging in their performance according to the company’s latest Assessment of Value report. Asset managers are required to publish an Assessment of Value report annually by the Financial Conduct Authority, where they must assess their funds on seven different principles with [...]
Lack of financial advice holding back 24.6m people across the UK September 12, 2024 A new report from St. James’s Place has suggested as many as 24.6m people in the UK are missing major life goals due to a lack of financial advice. The figures, from one of the UK’s largest wealth managers and advice providers, were published as the first part of a survey of just under 12,000 [...]
The Capitalist: City boys fight for £1k Oasis tickets as corporate demand explodes August 29, 2024 Oasis tickets look set to be the hottest corporate perk next year, with firms already splashing out for packages, The Capitalist has learned.
St James’s Place: How high fees hide the wealth manager’s real performance August 28, 2024 Investors who want to know how a St James’s Place fund compares to any other vehicle in the market have a problem: they just can’t do that. Traditionally, funds can be compared by taking into account the performance of their assets, minus the fees on the fund, and comparing that with other funds in their [...]