SJP Pension
When you invest with St. James’s Place you pay for our advice and the products we recommend.
These charges are set out below and you will receive a personalised illustration which sets out how these charges apply to your specific investment which your St. James’s Place Partner will discuss with you prior to you making an investment and incurring any of these charges.
Advice charges
We charge for our initial advice and for our ongoing advice. 4.5% of your initial investment will be used to pay for initial advice and an annual charge of 0.5% will be charged for the ongoing advice and the relationship with your adviser.
Product charges
There will be an initial product charge of 1.5% of your investment. There will also be an annual product management charge of 1% but this will be waived in the first 6 years for each investment. If you encash within the first 6 years of an investment there will be an early withdrawal charge of 1% of the value of your fund in respect of this investment. After 10 years, the annual product management charge will reduce from 1% to 0.85%.
Charges for managing and maintaining underlying investments
In addition to charges for the advice and the product, there are charges for managing and maintaining your underlying investments. These depend on the funds you choose to invest in.
The effect of these charges
The effect of the above product and advice charges (excluding the charges for managing and maintaining underlying investments) combined is equivalent in total to a 1.5% annual management charge (reducing from 1.5% to 1.35% after 10 years) together with a charge which will apply to any amount withdrawn over the first six years on a reducing scale (6% in year 1 reducing to 1% in year 6). This is equivalent to the Advice and Product charges above and not in addition to them.
The current list of charges incorporating Product, Advice & the Charges for Managing and Maintaining the underlying investments for all our available funds and portfolios can be found to the right.
Transaction costs
Transaction costs occur when a fund’s manager buys or sells assets within the fund.
These are not charges, but rather your share of the inevitable external costs, such as stamp duty and bid/offer spreads on individual shares, that are incurred whenever assets are traded. The level of these costs is variable since it depends on the number and nature of the transactions made. Information on the level of estimated transaction costs is available here.
The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
