This is our estimate for the following scenario:
- investing £100,000 into a fund with 60% in shares/property and 40% in bonds/cash
- choosing the lowest-cost provider/funds (given the investment amount)
UP-FRONT CHARGES |
Our company |
St James Place |
Saving (£) |
Saving (%) |
Initial advice fee |
£2,000 |
£4,500 [1] |
£2,500 |
56% |
Initial product charge |
£0 |
£500 [1] |
£500 |
100% |
Total up-front charges |
£2,000 |
£5,000 |
£3,000 |
60% |
ONGOING CHARGES |
Our company |
St James Place |
Saving (£) |
Saving (%) |
Annual advice fee |
£750 |
£500 [1] |
(£250) |
(50%) |
Annual product charge |
£290 |
£0 [2] |
(£290) |
(100%) |
Annual fund charges |
£240 |
£1,160 [3] |
£920 |
79% |
Total ongoing charges |
£1,280 |
£1,660 |
£380 |
23% |
OTHER FACTORS |
Our company |
St James Place |
Exit/withdrawal penalties |
No |
Yes [2]
For investment bonds: 6% in year 1 reducing to 1% in year 6 on a reducing scale |
Independent advice |
Yes |
No (St James Place products only) |
References
[1] www.sjp.co.uk/charges/isa-unit-trust-charges
[2]A 1% annual product charge applies for investments into an investment bond from year 6 onwards www.sjp.co.uk/charges/investment-bond-charges
[3] www.sjp.co.uk/~/media/Files/S/SJP-Corp/document-library/our-charges/SJP11538_Unit_Trust_ISA_Charges_Summary.pdf
This is our estimate for the following scenario:
- investing £100,000 into a fund with 60% in shares/property and 40% in bonds/cash
- choosing a typical provider, rather than the lowest-cost provider
UP-FRONT CHARGES |
Our company |
St James Place |
Saving (£) |
Saving (%) |
Initial advice fee |
£2,000 |
£4,500 [1] |
£2,500 |
56% |
Initial product charge |
£0 |
£500 [1] |
£500 |
100% |
Total up-front charges |
£2,000 |
£5,000 |
£3,000 |
60% |
ONGOING CHARGES |
Our company |
St James Place |
Saving (£) |
Saving (%) |
Annual advice fee |
£750 |
£500 [1] |
(£250) |
(50%) |
Annual product charge |
£350 |
£0 [2] |
(£350) |
(100%) |
Annual fund charges |
£660 |
£1,160 [3] |
£500 |
43% |
Total ongoing charges |
£1,760 |
£1,660 |
(£100) [4] |
(6%) [4] |
OTHER FACTORS |
Our company |
St James Place |
Exit/withdrawal penalties |
No |
Yes [2]
For investment bonds: 6% in year 1 reducing to 1% in year 6 on a reducing scale |
Independent advice |
Yes |
No (St James Place products only) |
References
[1] www.sjp.co.uk/charges/isa-unit-trust-charges
[2]A 1% annual product charge applies for investments into an investment bond from year 6 onwards www.sjp.co.uk/charges/investment-bond-charges
[3] www.sjp.co.uk/~/media/Files/S/SJP-Corp/document-library/our-charges/SJP11538_Unit_Trust_ISA_Charges_Summary.pdf
[4] In this scenario, our ongoing fees are greater. However, the difference in up-front charges means it would take around 30 years for this difference in ongoing charges to break-even. During this time, you would receive independent advice from an award-winning firm of Chartered Financial Planners