Wealth manager St James’s Place has applauded a move by MPs to look at ways to boost financial education in schools as it reveals its own growing commitment to helping young people.

Wealth manager St James's Place (SJP) - which announced a major overhaul of charges today - has reported gross and net inflows down in the three months ended September.

Wealth manager St James’s Place announced today that its much-criticised charging structure will be full revamped by the second half of 2025.

St James's Place, one of the UK’s largest wealth managers, suffered a 21% drop in its share price at one point today after announcing a review of its much-criticised fees and charges.