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 ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
