Ex-SJP adviser: 'Anger over cruise cancellation unsurprising'

SJP reviewing incentives

Hannah Godfrey
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According to a former SJP adviser, who preferred to remain anonymous, the culture at the firm is rooted in status.
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According to a former SJP adviser, who preferred to remain anonymous, the culture at the firm is rooted in status.

A former St James's Place (SJP) adviser was unsurprised to hear its advisers were reportedly kicking up a fuss after their annual cruise was cancelled

On Sunday (13 October) The Sunday Times ran a story that alleged advisers at SJP had threatened to stop selling investments for the rest of the year unless they were compensated for the loss of their annual cruise holiday. SJP used to reward its ‘top performing' partners - those who sold the most of the firm's products - with a luxury week-long cruise. Following several articles by The Sunday Times, however, the firm's chief executive Andrew Croft launched a review into the incentives and remuneration...

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