Company News
2004
New business figures to 31 December 2003
22/01/2004
4th QUARTER NEW BUSINESS UP 24%
St. James’s Place Capital plc (“SJPC”), the wealth management group, today announces its new business figures to 31 December 2003.
| Three months to 31 December 2003 | Change | |
|---|---|---|
| Long Term Savings | ||
| New Business (annual premium equivalent) | ||
| Investment Pensions Protection |
£26.1 million £12.3 million £7.5 million |
+ 44% - 8% + 32% |
| Total | £45.9 million | + 24% |
| Wealth Management Services | ||
| Gross fees generated | £7.2 million | + 100% |
| Funds under Management £7.9 billion at 31 December 2003 up 34% for the year | ||
| The size of the St. James’s Place Partnership increased from 1,101 to 1,124 over the twelve months | ||
Mike Wilson, Chief Executive, commented:
"We are delighted to announce the substantial growth of new business seen in September continued throughout the fourth quarter resulting in Long Term Savings business for the quarter being up 24% over last year. Particularly pleasing was the 44% growth in Investment business.
"Highlights for the year include a 22% increase in Protection Business, strong growth in Wealth Management Services and Funds under Management up £2 billion at £7.9 billion."
Enquiries:
| Sir Mark Weinberg, Chairman | Tel: 020 7514 1909 |
| Mike Wilson, Chief Executive | Tel: 020 7514 1909 |
| Andrew Croft, Group Finance Director | Tel: 020 7514 1909 |
| Nitya Bolam, Brunswick | Tel: 020 7404 5959 |
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