St James's Place tries to reassure over its fees review

(Sharecast News) - St James's Place responded to media speculation regarding its fees and charging structures for clients on Friday. The FTSE 100 company had said in its half-year report on 27 July that it was building on the work it completed for the Consumer Duty.

That included an assessment of our fees and charging models to ensure it operated with a "simple and scalable" charging platform for the long term.

"Whilst the evaluation has not yet been completed and therefore no decision has been made, we are confident that all the options under consideration will ensure value for clients and a strong, secure, and sustainable business for all stakeholders.

"We naturally continue to engage with all of our primary regulators during this process."

St James's Place said it would update the market as any decisions were made.

At 0853 BST, shares in St James's Place were down 14% at 704p.

Reporting by Josh White for Sharecast.com.