St James Place Compensation Claims
posted 29th October 2024
If you are a past or present client of St. James Place, you could be entitled to a substantial compensation payment. Contact us to ensure you receive your full claim entitlement and compensation.
We do not charge a penny in upfront fees; you only pay us if we win.
On December 31, 2012, the Financial Services Authority (now called the Financial Conduct Authority) introduced a rule called “adviser charging.”
This rule stopped advisers from earning commissions based on the products they recommended, so clients now pay for the advice they receive directly. These advice charges are taken from clients’ investment funds each year.
In early 2024, St James’s Place (SJP), a wealth management company, set aside £426 million to handle expected client complaints, which were mainly about hidden adviser fees.
It has been reported that SJP clients were charged an “all-inclusive” fee without knowing precisely what it covered. For example, it included a 0.5% annual charge for adviser services. So, a client with £500,000 invested would pay £2,500 each year for these services.
If you have investments with St James’s Place and have been paying the 0.5% fee for advice or reviews you didn’t receive, you may be able to get compensation.
