Company News
2005
New business figures for the three months ended 31 March 2005
11/05/2005
SJPC REPORTS CONTINUED GROWTH IN NEW BUSINESS
St. James’s Place Capital plc (“SJPC”), the wealth management group, today announces its new business figures for the three months ended 31 March 2005.
| 3 months to 31 March 2005 |
Change | |
|---|---|---|
| Long Term Savings | ||
| New Business* | ||
| Investment Pensions Protection |
£25.3 million £13.3 million £5.6 million |
- 2% + 11% - 3% |
| Total | £44.2 million | + 1% |
| * see note 1 | ||
| Wealth Management Services | ||
| Gross fees generated | £4.6 million | + 12% |
| Funds under management at £9.9 billion up 4% since the start of the year and up 21% over the previous twelve months | ||
Mark Lund, Chief Executive, commented:
“Against the backdrop of a 39% increase in new business during the first quarter of 2004, we are encouraged to report continued growth in 2005. We are particularly pleased that funds under management and income from wealth management services have shown further increases.
“As stated in our full year results announcement, prior year comparatives become less challenging as the year progresses. The second quarter has started very well with April showing strong new business growth compared with the same month last year.
“Our longer term growth target for new business remains 15 to 20 % per annum.”
Enquiries:
| Mark Lund, Chief Executive | Tel: 020 7514 1938 |
| Nitya Bolam, Brunswick | Tel: 020 7404 5959 |
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