Third quarter new business inflows and funds under management update 2022

St. James’s Place plc (‘SJP’) today issues an update on new business inflows and funds under management for the three months ended 30 September 2022.

Andrew Croft, Chief Executive Officer, commented:

“In a challenging external environment, I am pleased to report another strong quarter for St. James’s Place. At times like these, the focus of our advisers is to remain close to their clients and provide them with timely, personal, and trusted advice that helps them consider and manage near-term pressures while maintaining a long-term mindset. This has underpinned gross inflows of £4.05 billion, only modestly lower versus a record comparative period in 2021. Retention has remained very strong, supporting net inflows of £2.19 billion and contributing to funds under management closing the period at £143.14 billion.

Although we face an uncertain geopolitical and macroeconomic backdrop, the Partnership remains critically placed to help clients plan, save and invest for the future, building confidence in their long-term finances. Our business has proven its strength over time and this, together with our resilient financial model, means that we expect 2022 to be another year of good progress towards the 2025 goals we have set, and we are comfortable with consensus expectations for new business and our financial performance for the year.”

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