SJP claims charges are 'mid-range' compared to competitors

In quarterly newsletter

Sophie King
clock • 1 min read

Advice giant St James’s Place (SJP) has defended its charges in a client newsletter by referring to research conducted by stockbroker Numis that said its prices were "about mid-range" when compared to other investments.

In a copy of the newsletter sent to Professional Adviser by an advice arm of SJP, the partner practice highlighted Numis's research report published in June, which suggested SJP prices were not as expensive as some of its competitors. The newsletter noted the research was independent of its input and found SJP's customer charges per annum, all-inclusive and annualised were comparable on a like-for-like basis to a "typical IFA".  "We calculate that St James's Place charges are about mid-range, when compared to other alternative investment choices a customer could make," the research ad...

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