Third quarter interim management statement
TOTAL NEW BUSINESS UP 2%
St. James’s Place plc (“SJP”), the wealth management group, today issues its interim management statement for the nine months ended 30 September 2008.
Highlights for the nine months are:
- Total new business (on an APE basis) of £322.6 million up 2%
- Pension new business up 20%
- Total new single investments of £2.4 billion
- Funds under Management of £16.5 billion, with underlying retention maintained at 95%
Mike Wilson, Chairman, commented:
“We are very pleased that our business continues to demonstrate resilience in the face of extremely tough market and economic conditions.
“New business remains ahead of the same period last year, which was itself up 28% on the prior year.
The retention of funds under management continues to be strong.
“The strength and growth in the St. James’s Place Partnership, together with the increasing need for quality advice, gives us the confidence to reiterate our longer term growth target for new business of 15 – 20% per annum.”
The details of the announcement are attached.
||020 7514 1907
||020 7404 5959
View the full press release.
Most computers will open PDF documents automatically, but you may need to download Adobe Reader.