News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

SJP to slash £500m in costs with ‘save to invest’ plan

Wealth giant looks to trim expenditure as it rides out tough period

SJP chief executive Mark FitzPatrick says UK’s largest wealth manager has ‘a lot of hard work ahead’
SJP chief executive Mark FitzPatrick says UK’s largest wealth manager has ‘a lot of hard work ahead’ Photo: Lionel Ng/Getty Images

St James’s Place is set to axe millions in costs over the next two years as it plans to “save to invest” in the business.

The wealth giant is looking to reach annual savings of £100m by 2027, it announced in its half-year results on 30 July.

WSJ Logo