St James's Place keeps exit fees for Asia and Middle East products amid sweeping UK overhaul

investmentweek.co.uk:

The firm further confirmed that there would be no changes to these international products, which would continue to have the early withdrawal charges and were subject to the local regulatory rules. 

A spokesperson for the £158.6bn international wealth giant told sister publication International Investment: «The changes announced today for 2025 do not directly impact products in Asia and the Middle East.»

The firm further confirmed that there would be no changes to these international products, which would continue to have the early withdrawal charges and were subject to the local regulatory rules. 

Its announcement today (17 October) is widely seen to be responding to pressure by UK regulators by overhauling its UK charging structure, set to come into effect during the second half of 2025. 

St James's Place overhauls fee structure after regulatory pressure

SJP's shares had fallen by over 20% on Friday (13 October) following a report by the FT that the firm was facing pressure from regulators to reform its fee model in a bid to comply with the recently introduced Consumer Duty. 

The stock exchange notice today (17 October) said updates 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 UK 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 product charges, allowing clients to consider the value they are receiving from each element of its