View more on these topics

SJP chair retires from role

St James’s Place chair Sarah Bates will retire from the wealth manager after 14 years with the firm.

Bates will be replaced by current senior director Iain Cornish in her capacity as chair, while SJP also looks to appoint a new non-executive director to the board.

Bates became chair in 2014 and oversaw the transition of chief executive from David Bellamy to Andrew Croft earlier this year.

She says: “I am confident that Iain [Cornish] and Andrew [Croft], the board and the executive team will continue to deliver value to clients, partners, advisers, staff and shareholders and continue to evolve the business in the years ahead.”

Ex-SJP boss Bellamy defends charging model

Commenting on his appointment, Cornish says: “I am delighted to have been asked to chair SJP and would like to thank Sarah for her tremendous contribution.”

It is expected that Cornish will begin his new role on 5 July after the appointment of a successor to his position as chair of the board’s risk committee.

Annual accounts published by SJP earlier this year show pay for its directors is increasing, up 20 per cent between the calendar years 2016 and 2017 and reaching £14.5m at the end of last year.

The gender balance at the wealth manager has also improved, with 23 per cent female hires within its 2017 staff intake.

Overall, however, the gender pay gap at the wealth manager remains around 47 per cent.


Delivering advice and guidance in the workplace

Three advisers share their ideas and experiences of helping employees with their financial decisions The workplace is instrumental in engaging people to save for retirement. How are advisers helping employers provide advice or guidance to their employees? Telephone guidance Financial education provider and advice firm Wealth at Work recently launched a telephone guidance service to […]


Former Openwork director to head network’s fifth largest firm

Former Openwork director Philip Martin has joined the network’s fifth largest advice firm as a co-owner and manager. Martin is leading Unique Financial Planning along with practice partner and chief executive Stewart Williams, who set up the firm in 1991. Martin’s departure from Openwork, where he was proposition and marketing director, was confirmed in November […]


SJP trainee adviser banned and fined for faking qualifications

A St James’s Place advice recruit has been fined and banned after he falsely claimed to hold CII qualifications. Former SJP trainee adviser Alexander Stuart has been ordered to pay a £34,000 fine by 28 September after telling senior supervisors at the firm that he was fully qualified to provide advice. According to the FCA […]


Auto-enrolment arrives but is it a done deal for small firms?

When business secretary Vince Cable told the Liberal Democrat party conference he had defeated the Tory “headbangers” who “find sacking people an aphrodisiac”, there was little doubt who he was thinking of – Adrian Beecroft. The Beecroft report, which was commissioned by the Government and published in October last year, contains a series of radical […]


News and expert analysis straight to your inbox

Sign up


There are 3 comments at the moment, we would love to hear your opinion too.

  1. Robert Milligan 23rd May 2018 at 9:53 am

    Appointment after appointment! crikey I will have to appoint myself to something higher, possible a chair!! What a load of tripe filling an article, retiring after only 14 years!!! why should I be surprised, with an AMC of 1.8% we could all retire, early!

  2. Well I suppose she had to serve more than six years, otherwise there would have been a massive deduction from her pension…..

  3. A chair is something you sit on. A Chairwoman or Chairman oversees board meetings.

Leave a comment