St James's Place overhauls fee structure after regulatory pressure

Charges to be split into component parts: advice, fund, and product

Valeria Martinez
clock • 3 min read

St James's Place (SJP) has responded to pressure from 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 £158.6bn wealth giant said the updates resulting from a review into its charging structure will result in three key changes that will apply to the vast majority 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 ...

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