SJP to exit Investment Association amid trade body cull

Not providing value for money

Daniel Flynn
clock

St James's Place has followed the likes of M&G and Schroders in leaving the Investment Association, and will also sever ties with additional industry bodies.

The company said its business the growth in scale and complexity of its business over the last few years led it to review its involvement with industry bodies, which often involve a hefty membership fee. A spokesperson for the company said: "We have concluded that none fully meet the needs of our business and therefore are not providing value for money. "Of course we will continue to play an active role on industry issues and will review our position regarding membership of the various professional bodies asappropriate." Guy Sears (pictured), interim chief executive at the Investme...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Tavistock acquires asset manager and moves forward with Saltus advice sale

Tavistock acquires asset manager and moves forward with Saltus advice sale

Will receive £22m by 2 December

Isabel Baxter
clock 22 November 2024 • 2 min read
The Penny Group adds £90m of assets with Surrey planning firm buy

The Penny Group adds £90m of assets with Surrey planning firm buy

Chartered firm snaps up Whiting Financial

Isabel Baxter
clock 20 November 2024 • 2 min read
FSCS declares Stoke-on-Trent advice firm failed for pension transfer advice

FSCS declares Stoke-on-Trent advice firm failed for pension transfer advice

Norrix Financial Services was dissolved this month

Isabel Baxter
clock 20 November 2024 • 1 min read