Skip to content
Money Marketing
  • Sign In/Register
  • Search
  • Menu
  • Pensions
  • Regulation
  • Investments
  • Platforms
  • Tax
  • Business
  • Protection
  • The UK Edge
  • Events
  • Companies

James Hay

Money Marketing’s latest news, analysis and opinion on James Hay Partnership, a platform for retirement wealth planning, which was founded as a financial services provider in 1979. It was acquired by IFG Group in 2010.

James Hay – news and analysis

Platforms Advisers Distribution Investments Platforms Wrap and platforms

James Hay reviewing products after biofuel saga

James Hay is reviewing its older products, following its well-publicised issues with the Elysian Fuels biofuel investment scheme. James Hay revealed last May it is involved in a legal dispute with HM Revenue & Customs around unpaid tax on biofuel scheme investments. Speaking to Money Marketing, James Hay chief executive Alastair Conway says it is investigating […]

22nd March 2018 1:31 pm
FCA-FSA-Skywards-700x450.jpg
Advisers Advisers Platforms

James Hay grows AUA as HMRC biofuel issue rumbles on

James Hay grew its assets under administration by 15 per cent to £25.5bn in 2017, as net inflows also increased. James Hay parent IFG Group released its full-year results today, reporting net inflows at James Hay of £3.4bn, which was an increase on the 2016 result of £2.6bn. Overall, the group posted a £400,000 loss for […]

21st March 2018 11:15 am

James Hay – Company Overview

James Hay Partnership, a platform for retirement wealth planning, was founded as a financial services provider in 1979. It became a part of Abbey National (which became Santander UK) in 1994; being sold to IFG Group in 2010. James Hay is based in Salisbury, UK. The firm is most commonly associated with the administration of Self Invested Personal Pensions (Sipps). While famous for Sipps, in recent years James Hay has been broadening its focus across the retirement landscape, while maintaining its specialisation.

In March 2017 James Hay announced an overhaul of its pricing structure across a number of product ranges, which favoured larger investors. The firm increased charges for the lowest investment tiers and reduced fees for the higher band by 0.04 percentage points. For its Modular iPlan, the firm amended its tiered structure with platform charges starting at 0.25 per cent on the first £300,000 investment, compared with 0.18 per cent on the first £500,000 previously. Charges then reduced in stages to 0.01 per cent on investments over £1.5m, reduced from 0.5 per cent.

In June 2017, Money Marketing reported that James Hay performed well on value for fees charged in quarterly surveys with advisers. Its modular approach to fees could be complex but the charges themselves were relatively low. Advisers gave it a score of 3.96 – just on the border of ‘very good’. It was attracting the well-heeled, with Money Marketing data suggesting the average account size stood at £410,000. The firm had been particularly successful at winning DB transfer business.

In March 2018, James Hay was adamant that the firm would not be affected by the sale of IFA Saunderson House by its parent company IFG Group, despite the potential loss of clients. James Hay chief executive Alastair Conway said expanding into further retirement options and increasing technological offerings would be the main focus for the firm in 2018, which Conway said was part of an overall strategy to increase ease of client and investor communications.

Advisers Advisers Platforms

James Hay clear it will not be affected by Saunderson House sale

James Hay is adamant it will not be affected by the sale of IFA Saunderson House by its parent company, despite the potential loss of clients. IFG Group, which owns James Hay and Saunderson House, announced that Saunderson House was up for sale five weeks ago, saying “greater value for shareholders may be created.” Speaking […]

6th March 2018 1:05 pm
Oil Barrel Crude Shipping Fuel 480
Platforms Investments Platforms

James Hay HMRC biofuel scheme tax charge could reach £20m

James Hay says it is committed to working with HM Revenue & Customs over a tax charge related to a biofuel scheme that could reach £20m. A trading update released this morning by James Hay parent IFG Group says the “potential resolution” of the biofuel scheme tax charge that saw it shell out £1.6m in […]

2nd February 2018 11:04 am
Boardroom-Hire-Hiring-Appointment-General-700x450.jpg
Advisers Advisers

National advice firm scores ex-James Hay hire to bolster board

National advice firm Sandringham has made two new board appointments as it seals the hire of former James Hay director John Watson. Watson served as finance director for the platform and its parent IFG Group’s advice business Saunderson House until 2015, before taking over as chief operating officer for financial technology company Equiniti. Sandringham, a […]

16th January 2018 3:01 pm
2
Pensions Advisers Pensions Regulation

James Hay to pay out over pension transfer error

James Hay must pay redress to a client following a pension transfer error that meant some of her money was not reinvested for four years. The client also made a complaint against her adviser – named as Credit Suisse in a separate Financial Ombudsman Service decision – which was upheld. The complainant – called Ms […]

26th October 2017 2:48 pm
Social-Networking-Technology-Organisation-Chart-700x450.jpg
Platforms Platforms

James Hay parent downplays vertical integration concerns

IFG Group has said it is not concerned about its ownership of both platform James Hay and advice business Saunderson House as the regulator prepares to take a look at vertical integration in the advice market. IFG announced its half-year results this morning, showing increases in client acquisitions for both James Hay and Saunderson House. […]

30th August 2017 2:50 pm
Tax-Corporate-Calculator-Business-Finance-700x450.jpg
Platforms Platforms Tax

James Hay continues appeal over HMRC biofuel scheme tax charge

James Hay parent IFG Group has paid £1.6m in legal and remediation costs to date over an HM Revenue and Customs investigation into a biofuel scheme bought through the platform. HMRC first contacted IFG in April over a non-standard investment scheme known as Elysian Fuels, which had attracted around 500 James Hay investors, placing around […]

30th August 2017 8:56 am
Platforms Advisers Investments Platforms Tax

James Hay parent issues profit warning as HMRC dispute continues

The company is in talks with HMRC about potential sanction charges related to unpaid tax on bio-fuel scheme investments

21st July 2017 10:46 am
Boardroom-Hire-Hiring-Appointment-General-700x450.jpg
Distribution Distribution

Embark bolsters team with James Hay and Coutts hires

Chris Smeaton joins as commercial marketing group head from James Hay

30th June 2017 10:36 am
Alistair-Conway-outdoors-in-2013-700.jpg
Platforms Pensions Platforms Technology

The Big Interview: James Hay boss on why ‘you can’t put a price on platforms’

James Hay chief executive Alastair Conway on winning DB transfer business and making the most of peers’ replatforming priorities

20th June 2017 9:30 am
Alistair-Conway-outdoors-in-2013-700.jpg
Platforms Distribution Platforms Tax

HMRC hits James Hay with biofuel scheme tax charge

Platform to appeal charge for non-standard investments held in Sipps James Hay parent IFG Group has revealed that it is in a legal dispute with HM Revenue and Customs around unpaid tax on biofuel scheme investments. Through Sipps provided by James Hay, around 500 clients put £55m in Elysian Fuels, whose investments included a bioethanol […]

9th May 2017 8:41 am

More from James Hay

Business-Handshake-Meeting-Deal-Low-Angular-700x450.jpg
1
Platforms Platforms

James Hay parent hires L&G finance boss

James Hay and Saunderson House’s parent company appoint L&G’s Andrew Price IFG Group, the parent company of James Hay and Saunderson House, has appointed former Legal & General group financial controller Andrew Price as its chief financial officer. Prior to L&G Price held senior financial services roles at companies including Close Brothers and Royal Sun […]

20th April 2017 8:58 am
Alistair-Conway-outdoors-in-2013-700.jpg
Platforms Platforms

James Hay eyes discount deals for larger advisers

James Hay has said it is prepared to discuss pricing discounts for “substantial IFA businesses” as parent company IFG Group eyes further acquisitions in the platform space. Speaking to Money Marketing as IFG announced its 2016 results this morning, James Hay chief executive officer Alastair Conway says: “Our general model is not to go in […]

23rd March 2017 8:58 am
1
Platforms Platforms

James Hay pricing overhaul draws criticism from advisers

James Hay‘s pricing structure overhaul has caused a stir among advisers who argue the platform has “gone too far” and risks losing business going forward. James Hay overhauled the way it charges last week. While the changes favour larger investors, some clients will see price increases. The firm has amended its tiered structure with platform charges starting […]

20th March 2017 2:04 pm
Alistair-Conway-outdoors-in-2013-700.jpg
4
Platforms Investments Platforms Sipps

James Hay overhauls pricing structure

James Hay has overhauled its pricing structure across a number of product ranges in a move which favours larger investors. The firm has increased charges for the lowest investment tiers and reduced fees for the higher band by 0.04 percentages points. For its Modular iPlan, the firm has amended ts tiered structure with platform charges […]

15th March 2017 1:17 pm
Danger-Stop-Warning-Sign-700x450.jpg
5
Investments Investments Platforms

James Hay bans non-standard investment purchases through platform

James Hay will no longer allow non-standard investments including overseas commercial property, storage pods and carbon credits to be bought through its platform. The company says it will “continue to fulfil its obligations” with existing non-standard investments. From today, new customers will no longer be able to buy non-standard investments through James Hay’s platform except for in SSASs. […]

9th January 2017 12:01 pm
UK-Currency-Money-Pound-GBP-620x430.jpg
Platforms Economy Platforms

James Hay to review pricing as interest rate cut drags on profits

Platform James Hay is review its pricing structure for 2017 as it predicts the Bank of England’s cut in interest rates will hit its second half revenue this year by more than £1m The announcement was made by IFG Group, the parent of James Hay and IFA Saunderson House, this morning as the company released […]

17th November 2016 8:33 am
View more
Money Marketing
  • Contact Us
  • T&Cs
  • Privacy
  • Advertise with us
  • Twitter
  • LinkedIn

© 2018. All rights reserved.

built by interconnect/it

Centaur Communications Ltd (a member of the Centaur Media plc group)

Wells Point, 79 Wells Street, London W1T 3QN. Registered in England No: 1595235

Money Marketing Close

Type anything and hit “enter”

Money Marketing Close
  • Topics
    • Pensions
    • Regulation
    • Investments
    • Business
    • DB transfers
    • Tax
    • Mortgages
    • Platforms
    • Technology
    • Advisers
    • Politics
  • Debate
    • News
    • Opinion
    • Analysis
    • Profile
    • Video
    • Wired
    • The UK Edge
  • Companies
    • Aegon
    • Aviva
    • Hargreaves Lansdown
    • Intrinsic
    • James Hay
    • Legal and General
    • Old Mutual
    • Openwork
    • Prudential
    • Royal London
    • Standard Life Aberdeen
    • SJP
    • Succession Group
  • More
    • Newsletter sign up
    • Contact Us
    • Twitter
    • LinkedIn
    • Google+
    • Advertise with us
    • Jobs
    • CPD Centre
  • Our Related Sites
    • Platforum
    • Taxbriefs
    • Mortgage Strategy
    • Fund Strategy
    • Corporate Adviser
    • Headlinemoney
Money Marketing Close

Sign in

Forgot your password?

Why register with Money Marketing ?
Since launch in 1985, Money Marketing has been the go to brand for independent financial advisers, with the most respected journalists in the business.

News & analysis delivered directly to your inbox
Registering today will enable you to receive our news alerts throughout the day including:

The Daily Briefing
An update once each working day of the most important news and insight for professional advisers.

Daily News alerts
Keep regularly up to date with the latest news stories from Money Marketing throughout your working day.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Register today and make your voice heard.

Register now