Wealth management firm St James’s Place to cut 500 jobs - The planned redundancies come as part of a strategy shake-up under new chief executive Mark FitzPatrick.

St James's Place plans to cut about one-sixth of its 3,200 corporate staff, it revealed in an internal memo first reported by the trade outlet Citywire.

St James's Place is set to make around 500 redundancies across its organisation in February of next year, according to reports.

Our cost reduction plans are focused on simplification and standardisation of processes within the business, but a programme of this size and scale will inevitably impact colleagues'

St. James’s Place Plc is set to cut about 500 roles as part of a broader cost-saving plan, a person familiar with the matter said.

St James's Place is planning to cut 500 roles across the central functions of the business as part of its plan to save £100m per year.

Cirencester-headquartered wealth management firm St James's Place is planning to axe 500 roles in a bid to make £200m in cost savings. It is understood the company, which is based on Tetbury Road, is looking to shed around one-sixth of its 3,

UK-based wealth manager St James’s Place is planning to cut about 500 jobs in an attempt to reduce costs under chief executive Mark FitzPatrick. The company, which has the largest financial advice network in the UK,