Company News
2004
New Business Figures for the 3 months ended 31 March 2004
04/05/2004
NEW BUSINESS UP 39%
St. James’s Place Capital plc (“SJPC”), the wealth management group, today announces its new business figures for the 3 months ended 31 March 2004.
| Nine months to 30 September 2004 |
Change | |
|---|---|---|
| Long Term Savings | ||
| New Business (annual premium equivalent) | ||
| Investment Pensions Protection |
£25.9 million £12.0 million £5.8 million |
+ 57% + 17% + 23% |
| Total | £43.7 million | + 39% |
| Wealth Management Services | ||
| Gross fees generated | £4.1 million | + 14% |
| Funds under management at £8.2 billion up 4% since the start of the year and up 46% over the previous twelve months | ||
Mike Wilson, Group Chief Executive, commented:
“We are delighted that the growth in new business in the first quarter was 39% higher than in the same period of 2003, although this should be seen in the context of a weak first quarter last year. It’s pleasing that there was growth in all classes of business, with the 57% increase in investment business a particular highlight.
“Following on from substantial growth in the fourth quarter of 2003, these results support our view that we can once again set our sights on achieving annual growth in new business over the longer term of 15 to 20%.”
Enquiries:
| Mike Wilson, Chief Executive | Tel: 020 7514 1907 |
| Nitya Bolam, Brunswick | Tel: 020 7404 5959 |
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