The UK’s largest wealth manager, St James’s Place (SJP), saw funds under management decline 13.1 percent during the first quarter of 2020, despite strong client inflows.
Chief executive Andrew Croft said in a trading update this morning (30 April) that the outlook for the year ahead was “challenging” and announced the firm would hold back about a third of its previously announced 2019 dividend of 31.22 pence per s...