SJP pre-tax profits up 42% but Consumer Duty changes loom

clock • 2 min read

St James's Place has reported a rise in pre-tax profits of 42% in 2022, but this year the advice firm plans changes to how it operates to comply with the incoming Consumer Duty rules. The wealth management firm reported IFRS profit before shareholder tax of £501.8m in the year to the end of December, up from £353.8m in 2021, while post tax profits were £405.4m, up from £287.6m.  Underlying cash was £410.1m, up from £401.2m last year, with the group's primary source of net cash generation is product charges. SJP investment director Rob Gardner departs to found environmental venture ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?