Asset Management

St James’s Place scraps exit fees in landmark charges overhaul

SJP to phase out exit fees after discussions with regulators as Jupiter also reviews charging model; AUM fall for Ninety One

SJP, based in the market town of Cirencester, is overhauling how it charges clients
SJP, based in the market town of Cirencester, is overhauling how it charges clients Photo: In Pictures via Getty Images

St James's Place has bowed to pressure from the industry and regulators to axe its controversial exit fees on investments.

The UK's largest wealth management firm said on 17 October its "early withdrawal charges" would no longer apply from the second half of 2025 for investment bond and pension investors.

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