St James’s Place (SJP) has reduced its provision for its historic ongoing-service evidence review to £110m as it approaches the final stages of the exercise. SJP expects to complete the review during 2026 and will return the £82.8m post-tax value of the provision release to shareholders through an additional share buyback. SJP claws back £85m after reviewing ongoing advice compensationThe release helped IFRS profit after tax rise from £279.5m to £310.8m during the six months to 30 June. Net inflows also slowed to £2.7bn from £3.8bn during the corresponding period of 2025, despite gross inflows remaining unchanged at £10.5bn. Pensions generated £1.79bn of net inflows, while unit trusts, Isas and discretionary fund management attracted £980m.