Wealth man­ager’s £10,000 exit fee

The Daily Telegraph - Your Money - - READERS’ LETTERS -

I hope you can ad­vise me as to the best course of ac­tion to take to re­solve my on­go­ing prob­lems with my in­vest­ments with St James’s Place, the wealth man­ager.

I un­der­stand that I am con­trac­tu­ally bound to the terms and con­di­tions of an early en­cash­ment or trans­fer to an­other fund man­ager within the first six years of the orig­i­nal in­vest­ment.

At the mo­ment, leav­ing would cost me in the re­gion of £10,500 in penalty fees,

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