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St James’s place gap-fills to expand product range

St James’s Place is expanding its range of products and services from May by gap-filling.

The firm will offer advice on offshore funds, immediate needs annuities and pension annuities and add group pension and section 32 plans to its own range.

SJP’s offshore life and pension fund is completed with a range of Luxemburg-domiciled funds provided through Fidelity.

Immediate needs annuities will be available from Axa, Norwich Union, GE Life and PAFS.

SJP has selected Prudential for pension annuities while group personal pensions will be accessible from Friends Provident, Scottish Equitable and Clerical Medical.

SJP will continue to manufacture a range of its own investment, pensions and protection products.

Chief executive Mark Lund says: “We believe that depolarisation will be largely business as usual. We have effectively been test driving depolarisation for the last couple of years through the evolution of our range of services.”

Blackadders Financial Services director of investment services says: “Depolarisation has caused all financial firms to look at who they do business with and why.

“St James’s Place has always had their own way of doing things and were always a tied agent.”

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