Company News
2002
New Business Figures for nine months to 30 September 2002
01/11/2002
SJPC – the wealth management group – new business figures for the nine months to 30 September 2002.
Funds under management up 3% and increased fees from wealth management services.
- New Premiums:
Regular Premiums £36.5m Single Premiums £608.8m Unit Trust Sales £202.1m - Total new business and change since 2001:
Investment £64.4m -24% Pensions £38.5m -26% Protection £14.7m -8% Total £117.6m -20%
(see Note 3 of Notes to Editors)Funds under management £5.6 billion +3% over the previous year - New sums assured were £3.4 billion, up 18% over 2001
- Gross fees generated from additional wealth management services were £8.1 million
Mike Wilson, Chief Executive, commented:
“Our new business in the third quarter has continued to reflect difficult investment markets.
We are delighted with the continued increase in fees from our Wealth Management Services, which have risen each quarter this year. We continue to develop our Wealth Management offering with the recent launch of a General Insurance Broking Service and Business Banking.”
- END -
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