St. James's Place (SJP) has provisioned £426m to refund clients for ongoing advice fees after reviewing its back-book, leading to a dividend cut of over 50%. Review of the fee for ongoing advice After receiving an increased number of complaints...

The industry lifeboat fund has declared the firm in default, preparing to compensate affected clients. The discretionary fund manager (DFM) Blankstone Sington has been declared in default by the Financial Services Compensation Scheme (FSCS). The FSCS has...