St James's Place overhauls fee structure after regulatory pressure

Second half of 2025

Valeria Martinez
clock • 3 min read

St. James's Place has responded to pressure by regulators by overhauling its charging structure, set to come into effect during the second half of 2025.

In a stock exchange notice today (17 October), the £158.6b wealth giant said the updates resulting from a review into its charging structure will result in three key changes that will apply to most of its investment wrappers. The structure of its investment bond and pension business will change so that new business will no longer include an early withdrawal charge structure. Instead, new investment bond and pension business will operate with initial charges together with ongoing charges. SJP will also separate its charges into their component parts: advice charges, fund charges, and p...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Odey Wealth Management files for voluntary liquidation

Odey Wealth Management files for voluntary liquidation

Evelyn Partners appointed as liquidator

Cristian Angeloni
clock 28 October 2024 • 1 min read
US firm Gallagher acquires London-based Redington for undisclosed sum

US firm Gallagher acquires London-based Redington for undisclosed sum

Terms of the transaction were not disclosed

Holly Roach
clock 25 October 2024 • 1 min read
abrdn shares plunge 8% as investors pull £3.1bn in third quarter

abrdn shares plunge 8% as investors pull £3.1bn in third quarter

interactive investor remains a bright spot

Valeria Martinez
clock 24 October 2024 • 2 min read
Trustpilot