St. James's Place to launch simplified unbundled charging structure on 26 August

The changes, first previewed in 2023, are expected to result in lower overall ongoing charges for most clients, particularly those holding larger portfolios. There are three key elements to the changes: ·       Separating SJP's charges into three component parts – the advice charge, the product charge and the fund charge ·       Simplifying charges for bonds and pensions to align with the structure for unit trusts and ISAs, meaning the early withdrawal charge (EWC) will no longer apply for new investments ·       Realigning the separate charges to "more accurately reflect where ...