Have you had investments with St James’s Place?
Wealth Manager, St James’s Place, has hit the headlines following complaints of complex fee structures, excessive exit fees, hidden charges, and absent advice.
St James’s Place has set aside £426 million to repay clients’ claims.
If you have paid fees for advice that you have not received, you may be eligible for compensation. We can assess your case and make a ‘no win, no fee’ refund claim.
Have you had investments with St James’s Place since 2013? Have you paid for financial advice that you didn’t receive? Complete the form above to find out.
Our Simple 3 Step Process
01
Enquire
Complete our simple form, to request your no obligation free check
02
Discover
We will gather and review your details to assess if you qualify for a claim, completely FREE of charge.
03
Claim
Receive your results and start the claim for compensation
Frequently Asked Questions
Types of SJP Compensation Claims
On December 31st 2012, the Financial Services Authority (FSA) – now the Financial Conduct Authority (FCA) – introduced ‘adviser charging’ to abolish anti-competitive commission rates.
The aim of this change was for clients to pay for the advice they received, rather than the products their advisers recommended. These charges are deducted annually from clients’ investment pots to pay for the advice provided.
In early 2024, wealth management company, St James’s Place (SJP), announced that it was ring-fencing £426 million to cover expected client complaints relating to hidden adviser fees, among other complaints.
Millions of pounds in financial adviser fees are being deducted from UK investors’ ISAs, pensions and investments every year – these fees could be refunded.
In many cases the adviser is simply not able to provide the full extent of the services that were promised. This means clients could be paying substantial fees for absolutely nothing.
Each time the adviser fails to meet these service levels they are breaching the terms of their contractual arrangements and you could be due compensation.
It is claimed that SJP clients paid for an ‘all-inclusive’ fee package without being informed of the individual components the package would cover, including a 0.5% annual adviser charge. This means that for an SJP client with a £500,000 pot with the firm, they would be looking at an annual charge of £2,500.
If you have held investments with St James’s Place and have paid the 0.5% annual charge for ongoing advice and reviews that you have not received, you may be eligible for compensation.
About Us
We are regulated by the FCA (Financial Conduct Authority) so you can be assured your claim will be dealt with professionally and with your best interest at heart.