St James's Place shares slump on Consumer Duty charge cap and inflows slowdown

Cost of fee cap worth £859m

Valeria Martinez
clock • 2 min read

St James’s Place’s shares sold off this morning after the group announced plans to cap fees for long-term clients in response to the Consumer Duty, and reported a slowdown in new business during the first half of 2023.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Amber River agrees sale to Stone Point Capital

Amber River agrees sale to Stone Point Capital

Deal to close in summer

Isabel Baxter
clock 20 February 2026 • 2 min read
Managers on 'wait and see' footing following Schroders-Nuveen deal

Managers on 'wait and see' footing following Schroders-Nuveen deal

Scale no longer a 'luxury'

Patrick Brusnahan
clock 19 February 2026 • 3 min read
Investment industry's race for scale to accelerate in wake of Schroders and Evelyn Partners takeovers

Investment industry's race for scale to accelerate in wake of Schroders and Evelyn Partners takeovers

Fund management bifurcates

Alex Sebastian
clock 17 February 2026 • 4 min read
Trustpilot