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

St Jamess Place

29/04/2026 07:00

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

 

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
bond
Pension
UT/ISA and DFM
Total
£'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
bond
Pension
UT/ISA and DFM
Total
£'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
of total
£'Billion
Percentage
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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