Company News
2002
2001 Figures for New Business and Wealth Management Services
24/01/2002
- SJPC – the wealth management group – today announces its new business results for the year ended 31 December 2001.
Highlights for the year and changes over 2000 were:
New Regular Premiums £70.7m +16% New Single Premiums £1,025.6m +14% New Unit Trust Sales
(includes PEPs and ISAs)
£313.3m
-8%Total New Business £204.6m +11% - Highly successful implementation of additional wealth management services, with the launch of St. James’s Place Bank, which has over £100 million of credit balances. In addition, over £1 billion of mortgages have been arranged.
- Total group funds under management increased by 10% since the beginning of the year to £6.3 billion.
- The size of the St. James’s Place Partnership, the sole UK marketing arm of St. James’s Place Group has increased by 7% from 1,050 to 1,121, during the year. On average, the members of the St. James’s Place Partnership have 14 years experience in financial services.
Mike Wilson, Group Chief Executive, commented:
“We are very pleased with these figures, despite difficult market conditions and following 42% growth in 2000. The 15% increase in life and pensions sales demonstrates the adaptability and resilience of the St. James’s Place Partnership. Our clients’ response to the additional services introduced during the year reinforces our confidence in St. James’s Place’s advice based approach to wealth management.”
- END -
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