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SJP terminates Woodford IM’s contract

News Team, 06/06/2019

Following the suspension of the Woodford Equity Income Fund on Monday (03/06/19), two FTSE 100 companies have announced changes to their dealings with Woodford Investment Management (WIM).

St James’s Place (SJP) has terminated its mandate with WIM.

Instead, the firm has appointed Columbia Threadneedle Asset Management and RWC Partners as managers of its UK High Income Unit Trust, UK Equity (Life and Pension), Income Distribution (Life) and SJPI UK High Income funds.

Richard Colwell (Columbia Threadneedle) and Nick Purves (RWC) will have joint responsibility for this madate.

Mr Purves is SJP’s lon...


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