Company News
2003
New business figures to 30 September 2003
29/10/2003
St. James’s Place Capital plc (“SJPC”), the wealth management group, today announces its new business figures to 30 September 2003.
| Three months to 30 September 2003 |
Three months to 30 September 2002 |
Change | |
|---|---|---|---|
| Long Term Savings | |||
| New Business* | |||
| Investment Pensions Protection |
£17.6 million £10.0 million £6.5 million |
£17.8 million £11.9 million £5.0 million |
- 1% - 16% + 30% |
| Total | £34.1 million | £34.7 million | - 2% |
| * see note 1 | |||
| Wealth Management Services | |||
| Gross fees generated | £5.6 million | £3.4 million | + 65% |
| Funds under Management | £7.2 billion | + 22% since the start of the year | |
| (+ 29% over past twelve months) | |||
Mike Wilson, Chief Executive, commented:
"We are pleased that the Long Term Savings business for the third quarter was only marginally below that of last year. This follows a diffic ult first six months, when new business was down 17% at the half year.
"Of note was the September new business which showed substantial growth compared with September 2002. This trend has continued through October, reflecting a marked improvement in investor confidence.
"Other highlights for the third quarter include a significant increase in Protection Business and Funds under Management together with continued strong growth in Wealth Management Services."
Enquiries:
| Mike Wilson, Chief Executive | Tel: 020 7514 1907 |
| Nitya Bolam, Brunswick | Tel: 020 7404 5959 |
- END -
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