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Norwegian bank takes 3% stake in SJP

Money-Cash-Coins-GBP-Pounds-UK-700x450.jpgNorway’s central bank Norges Bank now holds a 3.1 per cent stake in St James’s Place after the completion of a transaction deal last Friday.

As part of its transaction with SJP, Norges Bank’s total number of voting rights will be 529,080,404.

SJP posted record gross inflows of £14.6bn in year-end results released last month, with shares closing at 2.1 per cent yesterday at a price of 1,117.50 each.

SJP director pay increases 20% year-on-year

The Oslo-based bank recently lowered its inflation target to 2 per cent after struggling to meet 2.5 per cent, with policy holders also announcing a rate hike is expected second half of the year.

SJP did not comment on the transaction when approached by Money Marketing.



Mortgage broker directors join SJP with new wealth management business

Two directors of a mortgage broker have set up a wealth management firm that will be part of St James’s Place. John Charcol sales director Peter Williams and marketing director Ben Larkin have  started wealth management business Firmitas Financial Services. Larkin says: “We are looking to team up with mortgage advisers and other professional introducers […]


SJP pledges continued commitment to academy programme

St James’s Place has confirmed that building its Academy and retaining “best of breed” staff will be key focuses for the advice giant going forward. Speaking at the launch of the firm’s year-end results for 2017 today, chief executive Andrew Croft says the firm is in a strong position for the future with “every reason […]


SJP director pay increases 20% year-on-year

The pay of directors at St. James’s Place has increased 20 per cent over the year according to annual accounts published today. In the year that ended 31 December 2016 total pay was £12.1m and this went up to £14.5m in the year that ended 31 December 2017. The firm says it continues to develop […]


SJP replatforming bill passes £150m

St. James’s Place spent nearly £22m continuing to upgrade its platform technology in 2017, annual results released today show. Two-thirds of gross inflows are now being put on the new Bluedoor platform, the firm says, but having transferred over Isa and unit trust business in 2015, a full replatforming will not complete until 2019. By […]


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