Paul Abberley will reportedly continue with a cost-cutting plan aimed at converting it into a holistic wealth manager over the end of September ; the company is looking to recover from declining profitability having given two profit warnings in the next three to five years . Restructuring self-service online saving platform Charles Stanley Direct has been a major focus of the changes. Costs have so far been reduced by 5% , over the six months to the six months , but the company's CEO, Charles Stanley , described the cuts made so far as "low hanging fruit", and said that more areas for cuts will be identified over the next six months .
Paul Abberley will reportedly continue with a cost-cutting plan aimed at converting it into a holistic wealth manager over the end of September ; the company is looking to recover from declining profitability having given two profit warnings in the next three to five years . Costs have so far been reduced by 5% , over the six months to the six months , but the company's CEO, Charles Stanley , described the cuts made so far as "low hanging fruit", and said that more areas for cuts will be identified over the next six months .