SJP to repay client £75,000 over rogue adviser scheme

Pedro Gonçalves
clock • 2 min read

St James's Place (SJP) has been ordered to repay one of its customers more than £75,000 after a financial adviser working for the business went rogue and convinced clients to put money in a friend's company which ultimately collapsed. According to the Sunday Times,  Philip Cox, who was an adviser with SJP for a decade until May 2019, encouraged around 17 clients to invest £1.35m into Green World Innovations. The company produced cleaning products and was set up by a school friend of Cox's as well as an associate who was a former window cleaner. One of its products included an ‘iClean ...

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