St James’s Place has scrapped glitzy staff meetings in a bid to repair its image after criticism over fees and a cost-cutting move that could lead to 500 redundancies.
Britain’s largest asset manager has halted its annual company meetings in London, which include lavish dinners and guest speakers such as Bill Clinton and David Beckham. The upcoming meeting in January will take place virtually.
The FT said a spring sports holiday at the Gleneagles hotel may also be scrapped.
Cost-cutting: St James’s Place has halted its annual business meetings in London
DIY INVESTMENT PLATFORMS
A. J. Bell
A. J. Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund trading and investment ideas
interactive investor
interactive investor
Invest for a fixed amount from € 4.99 per month
Sax
Sax
Get £200 back in trading fees
Trade 212
Trade 212
Free trading and no account fees
Affiliate links: If you purchase a product, This is Money may earn a commission. These deals have been chosen by our editors because we believe they are worth highlighting. This does not affect our editorial independence.