Have You Lost Money After Receiving Advice From St. James’s Place?
Recent financial press, (see our linked articles below), has highlighted the high charges and lower performance of some SJP funds and St James’ Place (SJP) does not give independent advice.
X-Claims has a proven track record in successfully winning maximum compensation for their clients and work on a no win no-fee basis with no up-front fees. You can only make a claim once, so using a professionally qualified regulated firm can be invaluable. If you are unhappy in any way and are dissatisfied with SJP then please get in touch with us.
✓ Their commission-based advisers may not have given you the best advice.
✓ You were advised to invest in a Bond. Bonds may not be the best advice (SJP may have earned higher commission for a Bond investment compared to alternative products which also may have a more suitable tax treatment).
✓ You were advised to switch your pension. Pension switches usually increase your costs.
✓ You were advised to Consolidate your pensions. Consolidation is rarely good advice but earns commission which is deducted from your pension.
✓ You were advised to stop one policy and start another. The true cost of this may be substantial and should have been disclosed in writing.
✓ Their advice caused an unexpected tax bill. This is more common than you think and may be a postponed tax bill that has not yet arrived.
Telegraph Article - St James's Place Scandalous Fees
This is Money Article - St. James's Place Investor Backlash
St. James's Place Yodelar Reviews
Which Article - Misleading Customers of Charges
Professional Advisor Article SJP Complaints Dwarf Other Large Advice Firms
International Investment Article - SJP Refused to Compensate
Money Marketing Article - SJP Top of Complaints Life
You do not need to use a claims management company to make a claim
You can do this yourself for free, and if your claim is unsuccessful you can pursue it yourself with the Financial Ombudsman Service.
If your product provider or your financial advisor is no longer in business, you may be able to use the Financial Services Compensation Scheme (subject to their Rules).