Three things your clients may call you about this week …

The cost of investing £1m with St James's Place… nearly £1m Investors who put large sums of money into St James's Place (SJP) could see almost half their profits eroded by the company's charges over 20 years, claims this Sunday Times article. According to research commissioned by the paper and carried out by Candid Financial Advice, someone who invested £1m could lose almost the same amount in fees over 20 years, On a £1m pot growing at 6% a year, says the piece, an investor would lose 43% of their gains (£340,743) over a decade if they held SJP's most popular balanced portfolio. Over ...