Company News
2006
New business figures for the three months ended 31 March 2006
04/05/2006
St. James’s Place Capital plc (“SJPC”), the wealth management group, today announces its new business figures for the three months ended 31 March 2006.
- Long Term Savings
| 3 months to 31 March 2006 |
Change | |
|---|---|---|
| New Business* | ||
| Investment | £43.2 million | + 71% |
| Pensions | £20.6 million | + 55% |
| Protection | £5.6 million | 0% |
| Total | £69.4 million | + 57% |
- Wealth Management Services
| 3 months to 31 March 2006 |
Change | |
|---|---|---|
| Gross fees generated | £6.5 million | + 37% |
- Funds under management at £13.5 billion up 10% since the start of the year and up 36% over the previous twelve months
Mark Lund, Chief Executive, commented:
“These are excellent new business figures which demonstrate the strength and quality of the St. James’s Place Partnership. The substantial growth in both our investment and pension business, up 71% and 55% respectively, is particularly pleasing.
“Whilst we continue to benefit from the buoyant stock market we expect our relative rate of growth to slow during the remainder of the year as the much stronger new business comparatives come through. We now anticipate coming in at the upper end of the range of our longer term new business growth target of 15-20% in 2006.”
Enquiries:
| Mark Lund, Chief Executive | Tel: 020 7514 1938 |
| Nitya Bolam, Brunswick | Tel: 020 7404 5959 |
-END-
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