St. James's Place has dropped Woodford Investment Management from the running of a suite of its funds, replacing it with Columbia Threadneedle and RWC Partners.
In a notification to the stockmarket on Wednesday, St James's Place announced it had terminated its mandate with WIM. The mandate comprises its UK High Income Unit Trust, UK Equity (Life and Pension), Income Distribution (Life) and SJPI UK High Income funds. The mandate will now be run by Threadneedle's Richard Colwell and RWC's Nick Purves. St James's Place said Colwell is its longest-running fund manager, having run mandates for the wealth manager since 2014. In a statement, St James's Place said: "While the St James's Place funds managed by WIM were separate mandates and not part o...
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