St James's Place 'on track' with 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...