St. James’s Place (SJP) is scheduled to re-enter the FTSE 100 on 20 December, SJP has now decided to re-enter this index after being dropped from the June Index, the SJP will mark its comeback at the FTE 100 biggest listing in the UK market.
Putting context towards the announcement, that is happening with the SJP coming at a time when the firm is undergoing a great transformation. SJP has been shutting down £1.8bn property funds due to the difficult time the sector is undergoing while also downsizing and restructuring the firm, which lead to 500 job losses.
According to a report by the London Stock Exchange, SJP shares grew by over 32 percent in value pushing the company appendix which made them to be able to regain back the spot on the index push ranking and regain those index positions.
Also, SJP will be accompanied by Games workshop and Alliance Witan in SJP, the changes are set to take place on the 20th of December. Earlier in October, considerable investor support levied the merger between Witan and Alliance Trust, creating a multi billion fund, Alliance Witan, to be formed by the start of the year.
S&P 500 moving alongside B&M European Retail Value, Vistry Group and Frasers Group will be departing the index and move up to the FTSE 250 index.
SJP’s comeback to the FTSE 100 is admirable given the raft of claims they have received from disgruntled customers, unhappy with their excessive fees, lack of ongoing service and poor fund performance.
The negative press SJP received was swiftly followed by massive changes to the SJP Adviser Model, where they have proposed significant reductions in the financial incentives paid to their advisers.
While both investors and clients are closely monitoring the actions of SJP, many remain unsure whether they have grounds to make a claim. Adding to the complexity, many SJP clients have personal ties to their advisers, often as friends or family, making the thought of raising a complaint even more challenging.
This is where a regulated solicitor can make all the difference. By acting on your behalf, we take the pressure off and handle the investigation for you.
Not every SJP client will have a valid claim—much depends on the quality of advice and service received. That’s why we operate on a no-win, no-fee basis, ensuring there’s no financial risk to you. If you have a claim, we’ll pursue it to secure the compensation you deserve. If not, you’ll gain peace of mind knowing there’s nothing further to worry about.
If you’ve been impacted by poor financial advice, don’t wait. Let us help you get the compensation you’re entitled to. Start your claim with Claim My Loss today.
