St James's Place

Lloyds Banking Group is to sell its remaining 21% stake in St James's Place, netting it a profit of more than £100m.

Charles Gregson, chairman of St. James's Place, is stepping down from his role at the end of the year to be replaced by Sarah Bates.

St. James's Place, the wealth management group, has reported funds under management of £41.8bn, up 5% over the three months ended 30 September 2013, and 20% since the start of the year.

Wealth management firm St James's Place is reviewing two mandates managed by Neil Woodford after his shock departure announcement yesterday.

St James's Place has selected IFDS to administer its protection, investments, pensions and collectives business.

Popular stories among our readers this week focused on asset allocation, as investors look for ideas on where the best income opportunities will be in years to come.

St James's Place (SJP) took advantage of a "dislocation" in the advice market caused by regulatory upheaval to grow adviser numbers by more than 6% in the first half of the year, its CEO David Bellamy has said.

Neil Woodford's £13.7bn High Income fund is at risk of being expelled from the IMA UK Equity Income sector at the end of 2013 if its historic yield does not improve.

M&G's director of UK advisory has predicted it could take up to two years to properly gauge demand for restricted propositions among the adviser community.

St James's Place stock has fallen 10% in today's trading after majority shareholder Lloyds Banking Group placed 77m shares into the market.