St James's Place Pension Drawdown

Compare St James's Place pension drawdown fees, investment options and features against all 21 UK providers. Updated for 2026.

Fee structure

Platform fees: Ongoing: 0.80% advice + 0.35% product (tiered to 0.25%) + fund 0.09-0.69%; initial advice 3%/2%/1% (from Aug 2025)

Fund charges (Ongoing Charges Figure) apply on top of platform fees and depend on your chosen investments. Use our calculator above to see the total annual cost for your specific pot size.

St James's Place fees and charges explained

St James's Place moved to a separated charging structure, so the cost is made up of four distinct parts rather than one headline percentage. The figures below are the ones SJP publishes itself.

Charge What St James's Place publishes
Ongoing advice charge
Charged on the value held in your account(s).
0.80% a year
Product charge — pensions and investment bonds
Tiered from 26 August 2025; see the table below.
0.35% a year, reducing on larger holdings
Product charge — unit trusts and ISAs
Shown for comparison; drawdown sits under the pension charge above.
0.27% a year, reducing on larger holdings
Fund charge
SJP states this range applies to the majority of its funds. What you pay depends on the funds held.
0.09% to 0.69% a year
Initial advice charge
A one-off charge applied when money is invested.
3% on the first £250,000, 2% on the next £250,000, 1% above £500,000

Product charge tiers, from 26 August 2025

Amount heldPensions and bondsUnit trusts and ISAs
First £500,0000.35%0.27%
Next £500,0000.32%0.24%
Next £1m0.29%0.21%
Next £1m0.27%0.19%
Over £3m0.25%0.17%

SJP's own worked example

SJP publishes a total for one of its funds: with the Polaris 3 fund charge at 0.52%, the total ongoing charge including advice, product and fund charges comes to 1.67% for a pension, or 1.59% for an ISA.

What is not published

Figures taken from St. James's Place — Our charges explained, the structure applying from 26 August 2025. Checked 31 Jul 2026. Charges can change — always confirm against the provider's current documentation before acting.

Latest St James's Place news & updates

29 Apr 2026

St. James's Place assets dip on weaker markets in Q1 2026

SJP reported funds under management of around £217bn at the end of Q1 2026 as falling global markets offset continued net inflows. Its client retention rate remained high.

25 Feb 2026

SJP reports record 2025 assets and confirms its new charging model

St. James’s Place posted record funds under management for 2025 and confirmed its simplified, unbundled charging structure - with no exit charges for new clients - was fully in place.

28 Jan 2026

SJP reports record funds under management despite outflows

St. James's Place reported record assets even as some clients withdrew funds, reflecting both market gains and strong gross inflows.

Last updated 29 Apr 2026.

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