St. James's Place has responded to pressure by 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 £158.6b wealth giant said the updates resulting from a review into its charging structure will result in three key changes that will apply to most 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 charges, and p...
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