St James's Place overhauls work perks after pressure

Pedro Gonçalves
clock • 2 min read

Wealth manager St James's Place is to overhaul its pay and perks programmes including axing benefits such as cruises and company cufflinks in order to promote "the right behaviours". The ethical shake-up SJP's controversial incentivisation scheme comes in the wake of a Sunday Times investigation. A whistleblower told the newspaper how partners were put under pressure to hit targets by selling costly pensions and investments. Those who did well were invited on all-expenses-paid, week-long cruises or got white-gold cufflinks.  Bosses at the advice giant are conducting a review into how ...

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