SJP reports £5bn drop in funds amid modest third quarter flows

Inflows offset by surrenders and investment loss

clock • 1 min read

St James’s Place (SJP) reported a drop in its funds under management during the third quarter as surrenders and investment loss dented the impact of flows.

In the results published today (20 October) SJP reported £143.1bn in funds under management, compared to £148.1bn at the end of the third quarter 2021. The company reported £4.05bn gross inflows for the period, compared to £4.3bn for the same period last year. The flows were offset by £1.4bn in surrenders and £1.3bn in investment loss. Surrenders is SJP's term for money withdrawn from plans that was not scheduled or planned. Net inflows stood at £2.2bn for Q3 this year, compared to £2.6bn for Q3 2021. The mix of funds under management has shifted year on year, with an increase i...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Companies

Benchmark seals deals with two more advisory firms

Benchmark seals deals with two more advisory firms

Bought 100% of Advison and 49% of Chartered Independent

Jenna Brown
clock 22 November 2022 • 2 min read
Woodhouse: “Sound financial advice is particularly highly valued in difficult macroeconomic conditions."

Evelyn confident in solid inflows and income despite £4bn AUMA drop

Wealth manager publishes third quarter trading update

Hope William-Smith
clock 07 November 2022 • 2 min read
PensionBee chief executive Romi Savova

PensionBee on course to profitability with AUA and customer increase

Trading update for the nine months to the end of September

Kathleen Gallagher
clock 20 October 2022 • 1 min read