REG - St. James's Place - Q1 New Business Inflows & Funds Under Management

St Jamess PlaceAnnouncement

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RNS Number : 2780C  St. James's Place PLC  29 April 2026

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PRESS RELEASE

 

29 April 2026

 

 ST. JAMES'S PLACE DELIVERS A GOOD START TO THE YEAR

 

St. James's Place plc ('SJP') today issues an update on new business inflows
and funds under management for the three months ended 31 March 2026.

 

                                                          Q1 2026     Q1 2025
                                                          £'Billion   £'Billion
 Gross inflows                                            5.23        5.14
 Net inflows                                              1.53        1.69
 Closing funds under management                           216.94      188.59

 Funds under management retention rate (annualised)(1)    95.3%       95.0%
 Net inflows/opening funds under management (annualised)  2.8%        3.6%

(1) Our retention rate is calculated allowing for surrenders and
part-surrenders. It excludes regular income withdrawals and maturities.

 

Mark FitzPatrick, Chief Executive Officer, commented:

"I am pleased to report a good first quarter for SJP. Against a backdrop of
heightened geopolitical uncertainty and market volatility in the run‑up to
the tax year end, we attracted gross inflows of £5.2 billion and achieved
strong funds under management (FUM) retention of 95.3%. Together, these
delivered net inflows of £1.5 billion. The decline in global markets during
the quarter impacted our FUM, which closed the period at £216.9 billion.

 

While macroeconomic uncertainty continues, periods like this underscore the
enduring value of high-quality financial advice. Our advisers provide
reassurance and help clients navigate market conditions, ensuring they remain
focused on their long‑term financial goals. The strength and quality of our
Partnership, together with the trusted relationships our advisers build with
clients, position us well to continue to grow and capture the significant
long‑term market opportunity."

 

 

The details of the announcement are attached.

 

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Enquiries:

 Hugh Taylor, Director - Investor Relations                   Tel: 07818 075143
 Tom Sullivan, Divisional Director - External Communications  Tel: 07443 218693

 Brunswick Group:                                             Tel: 020 7404 5959
 Eilis Murphy                                                 Email: sjp@brunswickgroup.com (mailto:sjp@brunswickgroup.com)

 

Notes to editors

 

As we have indicated previously, we will be simplifying how we report
financial performance for our Half Year 2026 results. We will provide full
details of this in a webcast in June, which will be followed by a Q&A
session.

 

 

Contents

 

1.     Funds under management

2.     Analysis of funds under management

 

 

1.     Funds under management

 

 Three months ended 31 March 2026                       Investment  Pension     UT/ISA and DFM  Total

                                                        bond
                                                        £'Billion   £'Billion   £'Billion       £'Billion
 Opening FUM                                            44.12       119.94      55.95           220.01
 Gross inflows                                          0.65        2.96        1.62            5.23
 Net investment return                                  (0.74)      (2.65)      (1.21)          (4.60)
 Regular income withdrawals and maturities              (0.09)      (1.02)      -               (1.11)
 Surrenders and part-surrenders                         (0.56)      (0.93)      (1.10)          (2.59)
 Closing FUM                                            43.38       118.30      55.26           216.94
 Net inflows/(outflows)                                 0.00        1.01        0.52            1.53
 Implied surrender rate as a percentage of average FUM  5.1%        3.1%        7.9%            4.7%

 

 

 Three months ended 31 March 2025                       Investment  Pension     UT/ISA and DFM  Total

                                                        bond
                                                        £'Billion   £'Billion   £'Billion       £'Billion
 Opening FUM                                            39.18       101.98      49.05           190.21
 Gross inflows                                          0.74        3.14        1.26            5.14
 Net investment return                                  (0.53)      (1.96)      (0.82)          (3.31)
 Regular income withdrawals and maturities              (0.08)      (0.99)      -               (1.07)
 Surrenders and part-surrenders                         (0.53)      (0.89)      (0.96)          (2.38)
 Closing FUM                                            38.78       101.28      48.53           188.59
 Net inflows/(outflows)                                 0.13        1.26        0.30            1.69
 Implied surrender rate as a percentage of average FUM  5.4%        3.5%        7.9%            5.0%

 

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2.     Analysis of funds under management

 

The table below provides a geographical and investment-type analysis of FUM at
31 March.

 

                            31 March 2026           31 March 2025
                            £'Billion   Percentage  £'Billion   Percentage

                                        of total                of total
 North American equities    78.6        36%         71.3        38%
 Fixed income securities    37.0        17%         32.0        17%
 Asia and Pacific equities  31.9        15%         23.9        12%
 European equities          30.8        14%         25.7        14%
 UK equities                19.5        9%          16.6        9%
 Cash                       9.7         5%          7.4         4%
 Other                      5.5         2%          6.1         3%
 Alternative investments    3.9         2%          5.6         3%
 Total                      216.9       100%        188.6       100%

 

 

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