Compare St James's Place pension drawdown fees, investment options and features against the UK SIPP platforms we track. Updated for 2026.
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 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 |
| Amount held | Pensions and bonds | Unit trusts and ISAs |
|---|---|---|
| First £500,000 | 0.35% | 0.27% |
| Next £500,000 | 0.32% | 0.24% |
| Next £1m | 0.29% | 0.21% |
| Next £1m | 0.27% | 0.19% |
| Over £3m | 0.25% | 0.17% |
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.
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.
No new verified updates this month. We only list items we can cite from an official RNS, company newsroom or official blog.
25 Feb 2026
St. James’s Place’s 25 February 2026 results statement reported record closing funds under management of £220.0 billion for 2025 and said its simple, comparable charging structure had been implemented. IFRS profit after tax was £531.4 million.
Last verified: 8 Sept 2026.
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