Business
2025 New Business Inflows & Funds Under Management
St. James's Place PLC reported a strong year for 2025, with gross inflows reaching £21.88 billion, a 19% increase from £18.41 billion in 2024. Net inflows rose by 42% to £6.16 billion, up from £4.33 billion, supported by a high retention rate of 94.9%. The company achieved a net investment return of £23.64 billion, contributing to a record closing funds under management of £220.01 billion, a 16% increase from £190.21 billion. The CEO noted that the final quarter saw elevated short-term outflows due to clients accelerating tax-free cash withdrawals in anticipation of reduced allowances, but engagement normalized towards the end of the quarter and into early 2026. Disclaimer*
About this update from St. James's Place Plc
[{"type":"text","content":"\n\n-1-\n \n \nPRESS RELEASE\n \n29 January 2026\n \n ST. JAMES'S PLACE DELIVERS A STRONG YEAR OF NEW BUSINESS AND INVESTMENT RETURNS\n \nSt. James's Place plc ('SJP') today issues an update on new business inflows and funds under management for the year ended 31 December 2025.\n \n\n\n\n\n\n\n\n2025 \n\n\n2024 \n\n\n \n\n\n\n\n\n\n\n£'Billion \n\n\n£'Billion \n\n\n \n\n\n\n\nGross inflows\n\n\n21.88\n\n\n18.41 \n\n\n\n\nNet inflows\n\n\n6.16\n\n\n4.33 \n\n\n\n\nNet investment return\n\n\n23.64\n\n\n17.68 \n\n\n\n\nClosing funds under management\n\n\n220.01\n\n\n190.21 \n\n\n\n\n \n\n\n \n\n\n\n\n\n\n\nFunds under management retention rate1\n\n\n94.9%\n\n\n94.5%\n\n\n\n\nNet inflows/opening funds under management\n\n\n3.2%\n\n\n2.6%\n\n\n\n\nNet investment return/opening funds under management\n\n\n12.4%\n\n\n10.5%\n\n\n\n\n1 Our retention rate is calculated allowing for surrenders and part-surrenders. It excludes regular income withdrawals and maturities.\n \nMark FitzPatrick, Chief Executive Officer, commented:\n\"I am pleased to report a strong year for SJP. Our advisers attracted £21.9 billion of new business, up 19% year-on-year. Combined with high retention of 94.9%, we achieved net inflows of £6.2 billion, up 42% year-on-year. We also delivered strong investment performance for the benefit of our clients, with returns representing 12% of opening funds under management. Together with net inflows, this meant our FUM closed the year at £220.0 billion, a record high and up 16% during the year.\n \nThe final quarter was marked by protracted speculation in the lead up to the Autumn Budget at the end of November, and our new business performance reflected clients' desire for trusted advice amid this period of heightened uncertainty. Client-adviser engagement was unseasonally high in the third quarter, linked to the successful implementation of our new charging structure in late summer, resulting in lower levels of activity early in the final quarter, as expected.\n \nThe final quarter also saw elevated short-term outflows, as many clients accelerated tax-free cash (TFC) withdrawals from their pensions in anticipation of reduced TFC allowances. As we exited the quarter, we were pleased to see both outflow rates and client...