Lloyds to sell 20percent stake in SJP
The rumoured sale of Lloyds' stake in St James's Place has concluded in the bank planning to dispose of only one third of its holdings in the company, and at a discount to the firm's face value.
The rumoured sale of Lloyds' stake in St James's Place has concluded in the bank planning to dispose of only one third of its holdings in the company, and at a discount to the firm's face value.
SWIP's assets under management grew by just over 1% during 2012 in what its managing director described as "difficut market conditions".
Lloyds Banking Group, which was today revealed by the FSA to have the third-highest number of investment-related complaints, has announced it is to pull out of the mass market advice service.