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Podcast: FTAdviser Podcast
Episode: SJP exit fee scrap ‘first high profile case of consumer duty starting to bite’
Description: Last week, St James’s Place announced it was scrapping exit fees for the vast majority of new investment bonds and pensions as part of an overhaul of its charging structure.The firm said there would be a revised charging structure for new investment bonds and pensions which will operate with an initial charge and ongoing charges but without any early withdrawal charges.In addition, charges across all its wrappers, which have historically been disclosed primarily on an all-inclusive basis, will be separated into component parts. It’s no surprise that...