Advice giant St James’s Place (SJP) has defended its charges in a client newsletter by referring to research conducted by stockbroker Numis that said its prices were "about mid-range" when compared to other investments.
In a copy of the newsletter sent to Professional Adviser by an advice arm of SJP, the partner practice highlighted Numis's research report published in June, which suggested SJP prices were not as expensive...
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An estimated £2.75bn
Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.
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