St James's Place Regulatory News (STJ)

PRESS RELEASE

13 October 2023

RESPONSE TO MEDIA SPECULATION

St. James's Place notes recent media speculation regarding its fees and charges structures for clients.

As disclosed in our Half-Year Report & Accounts published on 27 July 2023, we continue to build on the work completed for Consumer Duty. This programme includes an assessment of our fees and charging models to ensure we operate 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.

We will update the market as any decisions are made.

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