St James's Place's fees should be more "clearly articulated", according to the firm's new non-executive director Dame Helena Morrissey in an interview.
Morrissey, the former CEO of Newton Investment Management, told The Telegraph the firm, which has come under fire for bad business practises, the fees it charges clients must be more transparent. Although she added they must also not be "oversimplified", as that could lead to overcharging. "I have not met anybody yet who can completely clearly articulate how it works in a sentence," Morrissey said. "I would like to satisfy myself that fund charges are transparent and fair, but I do not believe they are transparent because otherwise I would be able to explain them to you very quickly."...
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