Wealth manager St James's Place (SJP) said the wide-ranging retirement reforms introduced earlier this year helped it post record net inflows in the three months to October.
Gross inflows to the group's funds under management rose 20% in the three-month period, reaching £2.32bn. Net inflows of £1.48bn - against £1.26bn in the same period last year - were a record for the company. New flows into pensions were the largest contributors, though there was also a marginal increase in unit trust and ISA business. Gross investment flows were actually down on the correspondng period last year, declining from £650m to £620m. Total funds under management stood at £54.5bn at 30 September this year, up from £49.1bn at the same stage last year. The group said its ad...
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