St James's Place selects IFDS in administration deal

St James's Place has selected IFDS to administer its protection, investments, pensions and collectives business.

Administration was previously divided among a number of third party companies, but the wealth management giant has now decided to consolidate the UK business divisions under the management of IFDS. A spokesperson for St James's Place said: "St. James's Place currently outsources the administration of its business across a number of different organisations. "We have now decided to bring these arrangements together for our UK business - protection, investments, pensions and collectives, and place them under the management of IFDS, who specialise in third party administration services." ...