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
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