St James’s Place has unveiled plans to overhaul its bonus scheme following an investigation by the Sunday Times that revealed controversial incentives.
A whistleblower told the newspaper that partners were under pressure to hit targets by selling pensions and investments. Those who did well were invited on all-expenses-paid, week-long cruises or were gifted white-gold cufflinks.
In what has been described as an “ethical shakeup” SJP executives told employees on Friday that performanc...