Company News
2005
New business figures to 31 December 2004
20/01/2005
2004 NEW BUSINESS GROWTH OF 19%
St. James’s Place Capital plc (“SJPC”), the wealth management group, today announces its new business figures to 31 December 2004.
| Twelve months to 31 December 2004 |
Change | |
|---|---|---|
| Long Term Savings | ||
| New Business* | ||
| Investment Pensions Protection |
£95.3 million £56.2 million £25.8 million |
+19% +27% +4% |
| Total | £177.3 million | +19% |
| * see note 1 | ||
| Wealth Management Services | ||
| Gross fees generated | ££21.2 million | +2% |
| Funds under Management at £9.5 billion up 20% since the start of the year | ||
| The size of the St. James’s Place Partnership increased from 1,124 to 1,131 over the twelve months | ||
Mark Lund, Chief Executive, commented:
“We are delighted to announce strong growth of 19% in our long term savings business including increases across all classes of business.
“We are particularly pleased to see new single premiums of £1.2 billion which includes a 32% increase in Unit Trust business. Other highlights include a 27% increase in Pensions business and a 20% increase in Funds under Management, up £1.6 billion at £9.5 billion.
“We believe that our proven adviser based approach to wealth management, built around the experienced members of the St. James’s Place Partnership, puts us in a uniquely strong position to capitalise on the opportunities arising from depolarisation and pensions simplification.”
Enquiries:
| Mark Lund, Chief Executive | Tel: 020 7514 1938 |
| Nitya Bolam, Brunswick | Tel: 020 7404 5959 |
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