St James's Place overhauls fee structure after regulatory pressure

Charges to be split into component parts: advice, fund, and product

Valeria Martinez
clock • 3 min read

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 COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

Ed Bailey to lead Openwork Business School

Ed Bailey to lead Openwork Business School

Succeeds Helen Longland

Jaskeet Briah
clock 13 February 2026 • 2 min read
Financial advice should be added to workplace benefits – report

Financial advice should be added to workplace benefits – report

PIMFA Leading Lights Forum findings

Jen Frost
clock 13 February 2026 • 2 min read
Reassured partners with FOIL AI on non-disclosure

Reassured partners with FOIL AI on non-disclosure

Analysing medical data with insights from calls

Jaskeet Briah
clock 11 February 2026 • 2 min read