SJP profits rise despite £7m FSCS levy

Profit before shareholder tax for the year, on an IFRS basis, was £134.6m, up significantly on the previous year's £109.7m. Profits on an EEV basis, which take into account expected future earnings on new business agreed during the year, was £365.9m, slightly lower than the 2011 result of £371.5m. Total funds under management at 31 December 2012, at £34.8bn, were 22% higher than the start of the year. Meanwhile, the business said its total levy paid to the Financial Services Authority and the Financial Services Compensation Scheme (FSCS) was £12m for the year. The fee to the FSCS, ...