Business
Fourth Quarter New Business
Fourth Quarter New Business.
About this update from St. James's Place Plc
[{"type":"text","content":"\n RNS Number : 0266M St. James's Place PLC 22 January 2009 \n \n-1-\nPRESS RELEASE\n22 January 2009\n\nST. JAMES'S PLACE WEALTH MANAGEMENT\nNEW BUSINESS FIGURES\nFOR THE YEAR ENDED 31 DECEMBER 2008\n\nTOTAL NEW SINGLE INVESTMENTS £3.1 BILLION\n\nSt. James's Place plc ('SJP'), the wealth management group, today issues its new business figures for the year ended 31 December 2008.\n\nHighlights for the year are:\n\nNew business\n\n\n\nTotal new single investments of £3.1 billion (2007: £3.4 billion)\n\n\nTotal new business, on an APE basis, of £419.0 million (2007: £428.6 million)\n\n\nPensions new business up 13% to £194.9 million (2007: £172.3 million)\n\n\n\nFunds under management\n\n\n\nFunds under Management of £16.3 billion down 1% over the final quarter\n\n\nRetention of Funds remains strong and has been maintained at 95%\n\n\n\nPartnership numbers at 1,340 up 7%\n\nDavid Bellamy, Chief Executive, commented:\n\n'Given the extraordinary market conditions that prevailed in the final quarter in particular, we are pleased with these results.\n\n'We are particularly pleased with the total new single investments of £3.1 billion and the continued strong retention of funds under management. As a result funds under management were just 10% lower during a period when world markets moved 30-40% lower.\n\n'Looking ahead to 2009, our advisor based approach to wealth management and the third consecutive year of strong growth in the Partnership numbers, will help us continue to outperform in challenging market conditions. Longer term, we remain confident about achieving our ambitious growth target.'\n\nThe details of the announcement are attached.\n\nEnquiries:\n\n\n\n\n\nDavid Bellamy\n\n\nChief Executive\n\n\nTel:\n\n\n020 7514 1985\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAnita Scott \n\n\nBrunswick\n\n\nTel:\n\n\n020 7404 5959\n\n\n\n\nCarole Cable\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n-2-\nST. JAMES'S PLACE WEALTH MANAGEMENT\nNEW BUSINESS FIGURES\nFOR THE YEAR ENDED\n31 DECEMBER 2008\n\nNEW BUSINESS\n\n\n\n\n\n\n\n\nUnaudited\n3 Months to\n31 December 2008\n\n\n\n\n\nUnaudited\n12 Months to\n31 December 2008\n\n\n\n\n\nNew PREMIUMS\n\n\n\n\n\n2008\n£'m\n\n\n\n\n\n\n\n2007\n£'m\n\n\n\n\n\n\n\nChange\n%\n\n\n\n\n\n\n\n\n\n\n2008\n£'m\n\n\n\n\n\n\n\n2007\n£'m\n\n\n\n\n\n\n\nChange\n%\n\n\n\n\n\n\n\nNew Regular\nPremiums\n\n\n\n\n\n\n\n\n\n...