St James’s Place has scrapped glitzy staff gatherings in a bid to repair its image following criticism over fees and a cost-saving drive that may lead to 500 redundancies.
The UK’s largest wealth manager has abandoned its annual company meetings in London, which have included lavish dinners and guest speakers such as Bill Clinton and David Beckham, with the coming gathering in January to be held virtually.
The FT said a spring sports break at Gleneagles hotel may also be axed.
Cost-saving drive: St James’s Place has abandoned its annual company meetings in London
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
Saxo
Saxo
Get £200 back in trading fees
Trading 212
Trading 212
Free dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
Compare the best investing account for you
***
Read more at DailyMail.co.uk