St James's Place profits soar 60% in 2010

The wealth manager highlighted growth in all areas of the business including investments and pensions. Total new business for the six months (APE) rose 44% to £292.6m with a record £159.3m taken in Q2. SJP's own manufactured business represents 91% of flows. New single investment and pension business over the first half of the year at £2.4bn was 60% higher than the same time last year. These inflows together with the strong retention of existing client funds resulted in a net fund inflow of £1.5bn; an increase of 50% compared to the first half of 2009. Total funds under management ...