Company News
2003
New Business Figures for the 3 months ended 31 March 2003
01/05/2003
St. James’s Place Capital plc (“SJPC”), the wealth management group, today announces its new business figures for the 3 months ended 31 March 2003.
| Long Term Savings | ||
|---|---|---|
| New Business* | £31.5 million | (2002: £39.2 million) |
| New Lump Sums* New Sums Assured Funds under Management |
£206.0 million £1.0 billion £5.6 billion |
|
| Wealth Management Services | ||
| Gross fees generated | £3.7 million | (2002: £11.7 million for full year) |
| * see note 1 |
Mike Wilson, Group Chief Executive, commented:
“New Business from Long Term Savings in the UK continued to reflect the uncertainty in investment markets. We were pleased to see a 7% increase in regular premium Protection sales, particularly since our Protection Panel was only introduced in February, and the continued growth in fees from our Wealth Management Services.
“We remain confident that marketing a wide range of best of breed products and services through our team of high quality advisers, the St. James’s Place Partnership, puts us in a strong position to benefit from both depolarisation and a recovery in market sentiment.”
Enquiries:
| Mike Wilson, Chief Executive | Tel: 020 7514 1907 |
| Nitya Bolam, Brunswick | Tel: 020 7404 5959 |
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