Are SJP's High Fees Draining Your Retirement Fund?

There will be multiple savings available, but it is not possible to give a headline monetary value due to the unique nature of each and every pension. 

 

Yes, owning a European Pension will definitely be cheaper due to SJP’s costs exceeding industry standards. SJP also tie the pension-holder into investments through their own funds where 85% of these funds are underperforming. Switch to a European Pension and have access to a multitude of independent global investment options where better returns are available.   

 

SJP charge a 5% entry fee every time they make a change to an investment which they can do without any input or knowledge or confirmation from the pension holder.  So, in the first year alone a pension holder could save 5% of the whole amount invested and in subsequent years 5% on any changes made – on a €100,000 pension fund this is a staggering €5,000 in the first 12 months! 

 

SJP do not consider the 5% entry fee when disclosing their fees and they report this annually as a mere transaction fee only when asked.  Whilst this could be one of the many reasons why SJP are under scrutinization by the FCA, the entry fee is a fee paid to a different section of the SJP group of companies.  

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Don't let SJP's high fees and underperforming funds drain your retirement savings. Take control of your pension today and invest in your future with expert guidance and a portfolio built for success.