Business
New business update - April 2020
New business update - April 2020.
About this update from St. James's Place Plc
[{"type":"text","content":"\n \n \n RNS Number : 9885N\n St. James's Place PLC\n 27 May 2020\n \n \n \n \n ST. JAMES'S PLACE plc\n \n \n 27 St. James's Place, London SW1A 1NR\n \n \n Telephone 020 7493 8111\n \n \n \n \n \n PRESS RELEASE\n \n \n 27 May 2020\n \n \n \n \n \n ST. JAMES'S PLACE WEALTH MANAGEMENT\n \n \n \n \n \n CONTINUED RESILIENCE IN A CHALLENGING ENVIRONMENT\n \n \n \n \n \n St. James's Place plc (\"SJP\"), the wealth management group, today issues an update on new business inflows and funds under management for the month to 30 April 2020. \n \n \n \n \n \n The second ad hoc announcement on new business activity will be for the month to 31 May 2020 and will be made on 23 June 2020.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2020\n \n \n \n \n 2019\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n £'Billion\n \n \n \n \n £'Billion\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Gross inflows for April\n \n \n \n \n \n \n \n \n \n \n \n 1.17\n \n \n \n \n 1.35\n \n \n \n \n \n \n Net inflows for April\n \n \n \n \n \n \n \n \n \n \n \n 0.81\n \n \n \n \n 0.80\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Gross inflows for the four months to 30 April\n \n \n \n \n \n \n \n \n \n \n \n 5.21\n \n \n \n \n 4.96\n \n \n \n \n \n \n Net inflows for the four months to 30 April\n \n \n \n \n \n \n \n \n \n \n \n 3.18\n \n \n \n \n 2.98\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Closing funds under management\n \n \n \n \n \n \n \n \n \n \n \n 108.83\n \n \n \n \n 107.19\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Year-to-date funds under management retention rate (annualised)\n \n \n \n \n \n \n \n \n \n \n \n 96.0%\n \n \n \n \n 95.8%\n \n \n \n \n \n \n Year-to-date net inflows/opening funds under management (annualised)\n \n \n \n \n \n \n \n \n \n \n \n 8.2%\n \n \n \n \n 9.4%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Andrew Croft, Chief Executive, commented:\n \n \n \"Following record first quarter new business, we have naturall...