SJP: we get Woodford for 35bps

SJP CEO David Bellamy told IFAonline the firm was able to gain access to managers in its panel of 30-odd funds for around half the price of a retail platform. Standard Life and Skandia have negotiated post-RDR rebates on Neil Woodford's Income and High Income funds leading to total annual management charges of 71bps and 68bps on the respective platforms. By contrast, Bellamy said SJP had access to the manager (pictured) - who runs the UK High Income and Invesco Perpetual Managed mandates - at a cost of 35bps. "It's a big advantage to us, and probably an undersold advantage to be fr...