Press release and Half Year Report and Accounts 2026

St. James’s Place plc (SJP) today issues its half-year results for the six months ended 30 June 2026:

Operating highlights

• Gross inflows of £10.5 billion (2025: £10.5 billion)
• Improvement in FUM retention to 95.4%¹ (2025: 95.3%¹)
• Net inflows of £2.7 billion (2025: £3.8 billion), representing an annualised 2.5% of opening funds under
  management (2025: 4.0%)
• Record funds under management of £240.8 billion (31 December 2025: £220.0 billion)

Financial highlights and shareholder returns

• Adjusted IFRS profit before tax of £278.4 million² (2025: £307.0 million)
• Adjusted IFRS profit after tax of £224.4 million² (2025: £235.8 million)
• IFRS profit after tax £310.8 million (2025: £279.5 million)
• Interim ordinary dividend of 6.00 pence per share (2025: 6.00 pence per share)
• Interim ordinary share buy-back of £45.3 million (2025: £32.1 million)
• Additional share buy-back of £82.8 million following the Ongoing Service Evidence provision release (2025: £63.4 million)

Other highlights

• Growth in adviser and client numbers which closed the period at 4,951 and 1,064,000 respectively (31 December 2025: 4,934 advisers and 1,037,000 clients)
• Investment returns, net of all charges, represented 16.4% of opening funds under management on an annualised basis (2025: 4.7%) 

Mark FitzPatrick, Chief Executive Officer, commented:

“I am pleased to report a strong set of results for the first half of 2026. We have delivered good operating and financial performance, continued to grow our client and adviser base, and made further progress against our strategic priorities.

During the period, our advisers supported clients through a complex and evolving environment. While markets have been supportive, consumers continued to navigate economic uncertainty, impending changes to the retirement savings landscape and evolving financial planning needs. Against this backdrop, we have seen continued demand for trusted financial advice, reflected in positive net inflows, improving funds under management (FUM) retention, and growth in our client base. We also delivered another strong period of investment performance for clients, with investment returns representing 16.4% of opening FUM on an annualised basis. Together, these factors contributed to FUM closing at £240.8 billion.

Alongside our first-half performance, this period has also provided an opportunity to reflect on the progress we have made over the last two years through the Strengthen phase of our strategy. We have strengthened our client and adviser propositions, advanced our technology capabilities and continued to improve how the business operates. Together, these changes have created a fundamentally simpler, more efficient, and more effective business with greater capacity to invest in future growth. They also reinforce St. James’s Place’s position as the best place to build, grow and realise value from a successful financial advice business.

Looking forward, we remain confident in the long-term outlook for financial advice, which is under-penetrated in the UK. As the industry evolves, clients will demand trusted advice, high-quality service, strong investment solutions and modern technology. St. James’s Place combines the personal relationships of a local adviser with the scale, expertise and security of the UK's leading financial advice business. We continue to invest in enhancing that proposition for both clients and advisers, and believe this increasingly differentiates St. James’s Place and positions us well to capture the growth opportunities ahead."

View the full press release here.

¹ Our retention rate is calculated as the proportion of FUM retained over the period after allowing for the effect of full and partial withdrawals, but excluding the effect of regular income and maturity payments.

² Adjusted International Financial Reporting Standards (IFRS) profit before tax and Adjusted IFRS profit after tax are alternative performance measures (APMs). A glossary of alternative performance measures defining these APMs and explaining why they are useful is contained in the full press release on pages 68 to 70. They are also reconciled to IFRS on page 30 of the full press release.
 

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