St. James's Place is set to expand its offering with "low-cost passive-style" funds as it attempts to fend off ETF giant Vanguard's entry into the UK advice market, the Financial Times has reported.
The firm, which suffered a tough 2019 in both the national and trade press due to criticism of its fee structure, how its advisers are incentivised and allegations of questionable practices from some of its adviser network, is in talks with asset managers to launch a range of "passive plus" funds, which will enjoy the same low fees as tracker funds without replicating the entire index. Vanguard prepping to enter UK advice space Alongside Vanguard, SJP also face competition from Lloyds and Schroders, who teamed up last year to launch Schroders Personal Wealth, which they claim charges ...
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