How do I compare SJP performance

WTY433

After doing my own reserearch and with help from people on this site I recently transferred my pension to an IFA. At one point I was considering St James Place until I found out their charges etc but I know someone elso who did transfer their fund over to SJP and are now pretty much locked in for 7 years. I have been trying to find out how their performance compares but they never seem to appear in any of the tables I have found so far. When I spoke to them they constantly talked about how their performance was superior although I am doubting this.

Does anyone know how I can get to see what their performance has been in the "newer funds"
I saw the older funds performance was appauling but I think when it comes to pensions they now have about 6-8 managed funds they use.

Thanks in advance

WTY

BLB53

As you have probably established, they are not very transparent which should be a warning to potential investors.

dunstonh

SJP lack transparency on charges. Their fund data can be found but its limited. You need to look under pension funds and not Unit Trust funds.

When I spoke to them they constantly talked about how their performance was superior although I am doubting this.

SJP investors have to persuade themselves that they are doing better as their costs are so high.

dunstonh

Quote from article:

Investors have also contacted Yodelar complaining that they have written investments in trust with St James's Place, and while they understand the tax advantage of keeping their investments in trust for the benefit of their beneficiaries, unfortunately they have been unable to move the proceeds of the trust outside of SJP funds due to SJP's trust contract. In essence, St James Place have locked the money within their funds until the proceeds of the trust are taken by beneficiaries, which could be 20 years or more into the future.

If working with a Whole of Market Adviser, Trustees will generally have the flexibility to change funds/investment brands over the term of the trust, based on the requirements of the trustees. For SJP clients, the inability for trustees to move funds outside of SJP, may in effect make trustees liable under the Trustee Act, on the basis that they are not acting in the best interests of the beneficiaries.

This use of an investment bond and putting in place a trust for bogus need is something I have come across and was an issue discussed at a meeting of IFAs last year and a number had seen the same. In each case it was believed that the trust was a weak excuse and it wasnt actually needed and the only purpose was to stop IFAs from moving it.