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...
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