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 Surrenders is SJP's term for money withdrawn from plans that was not scheduled or planned.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 for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Companies

M&A-hungry My Pension Expert enters £25m refinancing deal

M&A-hungry My Pension Expert enters £25m refinancing deal

Follows Tenet&You buy last year

Jen Frost
clock 29 April 2025 • 2 min read
FSCS investigates advice firm after director's £2.3m fraud charge

FSCS investigates advice firm after director's £2.3m fraud charge

Lifeboat fund working with FCA on potential Campbell & Associates claims

Isabel Baxter
clock 28 April 2025 • 2 min read
FSCS declares firm failed over pensions advice

FSCS declares firm failed over pensions advice

Not British Steel related

Isabel Baxter
clock 25 April 2025 • 1 min read