Fourth Quarter New Business
2009年1月22日 - 4:00PM
ＲＮＳを含む英国規制内ニュース （英語）
TIDMSTJ
RNS Number : 0266M
St. James's Place PLC
22 January 2009
-1-
PRESS RELEASE
22 January 2009
ST. JAMES'S PLACE WEALTH MANAGEMENT
NEW BUSINESS FIGURES
FOR THE YEAR ENDED 31 DECEMBER 2008
TOTAL NEW SINGLE INVESTMENTS GBP3.1 BILLION
St. James's Place plc ("SJP"), the wealth management group, today issues its new
business figures for the year ended 31 December 2008.
Highlights for the year are:
New business
* Total new single investments of GBP3.1 billion (2007: GBP3.4 billion)
* Total new business, on an APE basis, of GBP419.0 million (2007: GBP428.6
million)
* Pensions new business up 13% to GBP194.9 million (2007: GBP172.3 million)
Funds under management
* Funds under Management of GBP16.3 billion down 1% over the final quarter
* Retention of Funds remains strong and has been maintained at 95%
Partnership numbers at 1,340 up 7%
David Bellamy, Chief Executive, commented:
"Given the extraordinary market conditions that prevailed in the final quarter
in particular, we are pleased with these results.
"We are particularly pleased with the total new single investments of GBP3.1
billion and the continued strong retention of funds under management. As a
result funds under management were just 10% lower during a period when world
markets moved 30-40% lower.
"Looking ahead to 2009, our advisor based approach to wealth management and the
third consecutive year of strong growth in the Partnership numbers, will help us
continue to outperform in challenging market conditions. Longer term, we remain
confident about achieving our ambitious growth target."
The details of the announcement are attached.
Enquiries:
+--------------+---------------------------------------+------+-----------------+
| David | Chief Executive | Tel: | 020 7514 1985 |
| Bellamy | | | |
+--------------+---------------------------------------+------+-----------------+
| | | |
+------------------------------------------------------+------+-----------------+
| Anita Scott | Brunswick | Tel: | 020 7404 5959 |
+--------------+---------------------------------------+------+-----------------+
| Carole Cable | | | |
+--------------+---------------------------------------+------+-----------------+
-2-
ST. JAMES'S PLACE WEALTH MANAGEMENT
NEW BUSINESS FIGURES
FOR THE YEAR ENDED
31 DECEMBER 2008
NEW BUSINESS
+---+---------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| | Unaudited | | Unaudited |
| | 3 Months to | | 12 Months to |
| | 31 December 2008 | | 31 December 2008 |
+-------------------+-------------------------------------+--+---------------------------------------+
| New PREMIUMS | 2008 | | 2007 | | Change | | | 2008 | | 2007 | | Change | |
| | GBP'm | | GBP'm | | % | | | GBP'm | | GBP'm | | % | |
+-------------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| New Regular | | | | | | | | | | | | | |
| Premiums | | | | | | | | | | | | | |
+-------------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| | Pensions | 19.8 | | 20.6 | | (4%) | | | 87.8 | | 72.8 | | 21% | |
+---+---------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| | Protection | 5.0 | | 5.7 | | (12%) | | | 19.1 | | 20.3 | | (6%) | |
+---+---------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| | | | | | | | | | | | | | |
+-------------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| | 24.8 | | 26.3 | | (6%) | | | 106.9 | | 93.1 | | 15% | |
+-------------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| | | | | | | | | | | | | | |
+-------------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| | | | | | | | | | | | | | |
+-------------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| New Single | | | | | | | | | | | | | |
| Premiums | | | | | | | | | | | | | |
+-------------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| | Investment | 315.3 | | 445.7 | | (29%) | | | 1,365.5 | | 1,665.4 | | (18%) | |
+---+---------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| | Pensions | 267.4 | | 276.7 | | (3%) | | | 1,070.7 | | 995.1 | | 8% | |
+---+---------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| | | | | | | | | | | | | | |
+-------------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| | 582.7 | | 722.4 | | (19%) | | | 2,436.2 | | 2,660.5 | | (8%) | |
+-------------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| | | | | | | | | | | | | | |
+-------------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| Unit Trust Sales | 133.6 | | 146.8 | | (9%) | | | 685.0 | | 694.6 | | (1%) | |
| (including PEPs | | | | | | | | | | | | | |
| and ISAs) | | | | | | | | | | | | | |
+-------------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
| | | | | | | | | | | | | | |
+---+---------------+---------+--+-------+---+---------+--+--+---------+--+---------+---+---------+--+
+-------------------+--+-------+--+-------+--+---------+--+--+--+-------+--+-------+---+--------+--+
| | Unaudited | | Unaudited |
| | 3 Months to | | 12 Months to |
| | 31 December 2008 | | 31 December 2008 |
+-------------------+-------------------------------------+--+-------------------------------------+
| New Business | 2008 | | 2007 | | Change | | | 2008 | | 2007 | |Change | |
| (RP + 1/10th SP) | GBP'm | | GBP'm | | % | | | GBP'm | | GBP'm | | % | |
| | | | | | | | | | | | | | |
+-------------------+----------+--+-------+--+---------+--+--+----------+--+-------+---+--------+--+
| | | | | | | | | | | | | | |
+-------------------+----------+--+-------+--+---------+--+--+----------+--+-------+---+--------+--+
| Investment | 44.9 | | 59.2 | | (24%) | | | 205.0 | | 236.0 | | (13%) | |
+-------------------+----------+--+-------+--+---------+--+--+----------+--+-------+---+--------+--+
| Pensions | 46.5 | | 48.3 | | (4%) | | | 194.9 | | 172.3 | | 13% | |
+-------------------+----------+--+-------+--+---------+--+--+----------+--+-------+---+--------+--+
| Protection | 5.0 | | 5.7 | | (12%) | | | 19.1 | | 20.3 | | (6%) | |
+-------------------+----------+--+-------+--+---------+--+--+----------+--+-------+---+--------+--+
| | | | | | | | | | | | | | |
+-------------------+----------+--+-------+--+---------+--+--+----------+--+-------+---+--------+--+
| Total | | 96.4 | | 113.2 | | (15%) | | | | 419.0 | | 428.6 | | (2%) | |
+-------------------+--+-------+--+-------+--+---------+--+--+--+-------+--+-------+---+--------+--+
| | | | | | | | | | | | | | | | |
+-------------------+--+-------+--+-------+--+---------+--+--+--+-------+--+-------+---+--------+--+
-3-
ST. JAMES'S PLACE WEALTH MANAGEMENT
NEW BUSINESS FIGURES
FOR THE YEAR ENDED
31 DECEMBER 2008
Notes
1. New business is calculated in accordance with the standard industry
measure of adding together new regular premiums and one-tenth of single premiums
and unit trust sales ("APE").
2. Sales of manufactured business on an APE basis for the twelve months
were 85% of the total reported (2007: 87%).
Sales of non-manufactured pensions including stakeholder by St. James's Place
Partnership have been included in the reported figures under Pensions. These
amount to GBP28.2 million regular premiums (2007: GBP20.6 million) and GBP30.5
million single premiums (2007: GBP27.4 million) for the twelve months to 31
December 2008. This equates to GBP31.2 million new business premiums (2007:
GBP23.3 million).
Sales of annuities by St. James's Place Partnership have been included in the
reported figures under Pensions. These amount to GBP92.3 million single premiums
for the twelve months to 31 December 2008 (2007: GBP79.9 million) and equate to
GBP9.2 million new business premiums (2007: GBP8.0 million).
Sales of non-manufactured SIPP single premium business by St. James's Place
Partnership amounting to GBP1.1 million have been included in the reported
figures under Pensions for the twelve months to 31 December 2008 (2007: GBP4.9
million). This equates to GBP0.1 million new business premiums (2007: GBP0.5
million).
Sales of protection business by St. James's Place Partnership through a panel of
providers have been included in the reported figures under New Regular Premiums
Protection. This amounts to GBP12.4 million of new regular premiums (2007:
GBP11.7 million) for the twelve months to 31 December 2008. This equates to
GBP12.4 million new business premiums (2007: GBP11.7 million).
Sales of non-manufactured single premium investment business by St. James's
Place Partnership amounting to GBP89.4 million have been included in the
reported figures under Investments for the twelve months to 31 December 2008
(2007: GBP113.6 million). This equates to GBP8.9 million new business premiums
(2007: GBP11.4 million).
3. The Partnership number of 1,340 includes the first 8 new members
joining from the St. James's Place Academy.
-4-
ST. JAMES'S PLACE WEALTH MANAGEMENT
NEW BUSINESS FIGURES
FOR THE YEAR ENDED
31 DECEMBER 2008
4. The table below provides an analysis of the movement in funds under
management:
+--------------------------------------------+-----------------------+-----+----------------------+
| | Unaudited | | Unaudited |
| | Year Ended | | Year Ended |
| | 31 December 2008 | | 31 December 2007 |
+--------------------------------------------+-----------------------+-----+----------------------+
| | GBP'bn | | GBP'bn |
+--------------------------------------------+-----------------------+-----+----------------------+
| | | | |
+--------------------------------------------+-----------------------+-----+----------------------+
| Opening funds under management | 18.2 | | 15.4 |
+--------------------------------------------+-----------------------+-----+----------------------+
| New money invested | 3.0 | | 3.1 |
+--------------------------------------------+-----------------------+-----+----------------------+
| Net investment return | (3.6) | | 0.9 |
+--------------------------------------------+-----------------------+-----+----------------------+
| | _________ | | _______ |
+--------------------------------------------+-----------------------+-----+----------------------+
| | 17.6 | | 19.4 |
+--------------------------------------------+-----------------------+-----+----------------------+
| Regular income withdrawals & maturities | (0.4) | | (0.3) |
+--------------------------------------------+-----------------------+-----+----------------------+
| Surrenders & part surrenders | (0.9) | | (0.9) |
+--------------------------------------------+-----------------------+-----+----------------------+
| | _________ | | _______ |
+--------------------------------------------+-----------------------+-----+----------------------+
| Closing funds under management | 16.3 | | 18.2 |
+--------------------------------------------+-----------------------+-----+----------------------+
| | _________ | | _______ |
+--------------------------------------------+-----------------------+-----+----------------------+
| Annualised surrender rate as a % of | | | |
| average funds under management | 5.2% | | 5.1% |
+--------------------------------------------+-----------------------+-----+----------------------+
| | | | |
+--------------------------------------------+-----------------------+-----+----------------------+
5. There have been no material changes to solvency capital during the
final quarter. The investment policy for non-linked assets remains on a prudent
basis, with no exposure to equity investments: non-linked liabilities are
matched by government backed gilts and bonds, and surplus assets are invested in
AAA rated money market funds. This policy continues to immunise the capital base
from stock market falls and both widening spreads and credit defaults on
corporate bonds.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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