SJP Annual Value Assessment Statement

The Value Assessment Statement is a regulatory document that we produce each year following the SJP Unit Trust Group Board’s review of our funds’ performance, charges, and support services.

In the statement, we provide details of how we deliver value and the actions we’ve taken over the past 12 months. This is part of our commitment to giving you clear and fair information about your investments with us.

We remain confident in the value that our investment proposition delivers in helping you achieve your financial goals.

If you have any questions about the statement, please contact your St. James’s Place Partner.

The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and the value may fall as well as rise. You may get back less than the amount invested.

Click here for the Value Assessment Statement - 2024

Value Assessment Statement 2024

Our 2024 Value Assessment report is now available. This annual review, carried out by the Board of St. James’s Place Unit Trust Group (UTG), contains an assessment of our funds based on seven different criteria over the 12 months to 31 March 2024. Together these factors produce a picture of overall value. Here is a brief summary and explanation on how to read this report.

Summary 

In the 2024 report, the UTG board determined just over 70% of SJP funds provided value over the timeframe covered. They also identified 13 in the range that require further improvement although in most cases, work has already started with actions taken in 2023 and early 2024. Fund managers have been changed on nine of the 13 funds singled out (including replacements and additions). Meanwhile, charge reductions on our Global Emerging Markets, Global Smaller Companies, Japan and Property funds will continue. 

As these are in progress, it may take time for the effects to be notable. 

In the 2024 report, key areas of assessment such as comparable market rates (CMR) and performance are impacted by our charging structure versus our peers. As announced in 2023, work has begun on separating the charges for advice and platform-like services from the funds. As such, we expect to see improvements in the CMR assessment ratings once our charges have been separated in 2025. The simplified charging structure we are moving to will enable a greater like-for-like comparison with peers. 

It may take more time with regards to performance given we examine net returns over five years. However, our charging structure is not the sole reason for underperformance in every case. For some, market events and specific investment decisions produced returns lower than expected.  Please read each individual fund assessment to see what affected each fund.

How do you rate the funds?
Do some of the assessment areas outweigh others?
What happens to funds deemed not to offer sufficient value – or aspects of others rated red?
There are quite a few red ratings for performance. Why?
And on comparable market rates?
Based on these assessments, are you making any further changes to your funds?
Conclusion

Statements from previous years

These statements are based on facts and figures that were correct at the time of original publication.

SJP Approved 26/09/2024