St James's Place 'on track' with charging structure overhaul

Delivery by second half of 2025

Isabel Baxter
clock • 2 min read

St James’s Place (SJP) has confirmed that it is approaching the final stages of implementing its charging structure overhaul.

In a trading update posted today (30 January), the wealth giant's CEO Mark FitzPatrick confirmed that SJP "remains on track" for delivery of its updated charging structure. SJP unveiled its intention to overhaul its charging structure in October 2023 in response to pressure from regulators. It set out to change 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...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

Isabel Baxter
Author spotlight

Isabel Baxter

Senior Reporter at Professional Adviser

More on Companies

TenetConnect officially declared failed by FSCS

TenetConnect officially declared failed by FSCS

Comes after the lifeboat fund opened claims in December 2024

Isabel Baxter
clock 26 March 2025 • 2 min read
Quilter adds PHW Wealth Partners to advice network to expand in Northern Ireland

Quilter adds PHW Wealth Partners to advice network to expand in Northern Ireland

Founded by Chris Power, Ciaran Hamill and Stephen Warke

Isabel Baxter
clock 25 March 2025 • 1 min read
Finli completes second acquisition in two months

Finli completes second acquisition in two months

Aims to add £1bn in assets with a ‘raft’ of deals to come this year

Isabel Baxter
clock 24 March 2025 • 3 min read