press release - St James's Place

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ST. JAMES’S PLACE WEALTH MANAGEMENTNEW BUSINESS FIGURESFOR THE NINE MONTHSTO 30 SEPTEMBER 2008NEW BUSINESSUnaudited3 Months to30 September 2008Unaudited9 Months to30 September 2008NEW PREMIUMS2008£’m2007£’mChange%2008£’m2007£’mChange%New RegularPremiumsPensions 22.8 15.5 47% 68.0 52.2 30%Protection 4.7 4.8 (2%) 14.1 14.6 (3%)27.5 20.3 35% 82.1 66.8 23%New SinglePremiumsInvestment 318.6 438.5 (27%) 1,050.2 1,219.7 (14%)Pensions 282.1 238.6 18% 803.3 718.4 12%600.7 677.1 (11%) 1,853.5 1,938.1 (4%)Unit Trust Sales(including PEPs andISAs) 143.1 139.3 3% 551.4 547.8 1%Unaudited3 Months to30 September 2008Unaudited9 Months to30 September 2008NEW BUSINESS(RP + 1/10 th SP) 2008£’m2007£’mChange%2008£’m2007£’mChange%Investment 46.2 57.8 (20%) 160.2 176.8 (9%)Pensions 51.0 39.3 30% 148.3 124.0 20%Protection 4.7 4.8 (2%) 14.1 14.6 (3%)Total 101.9 101.9 0% 322.6 315.4 2%4
ST. JAMES’S PLACE WEALTH MANAGEMENTNEW BUSINESS FIGURESFOR THE NINE MONTHSTO 30 SEPTEMBER 2008Notes1. New business is calculated in accordance with the standard industry measure of adding togethernew regular premiums and one-tenth of single premiums and unit trust sales (“APE”).2. Sales of manufactured business on an APE basis for the nine months were 84% of the totalreported (2007: 87%).Sales of non-manufactured pensions including stakeholder by St. James’s Place Partnershiphave been included in the reported figures under Pensions. These amount to £24.1 millionregular premiums (2007: £15.0 million) and £25.9 million single premiums (2007:£22.2 million) for the nine months to 30 September 2008. This equates to £26.7 million newbusiness premiums (2007: £17.2 million).Sales of annuities by St. James’s Place Partnership have been included in the reported figuresunder Pensions. These amount to £70.9 million single premiums for the nine months to30 September 2008 (2007: £61.3 million) and equate to £7.1 million new business premiums(2007: £6.1 million).Sales of non-manufactured SIPP single premium business by St. James’s Place Partnershipamounting to £1.0 million have been included in the reported figures under Pensions for thenine months to 30 September 2008 (2007: £3.9 million). This equates to £0.1 million newbusiness premiums (2007: £0.4 million).Sales of protection business by St. James’s Place Partnership through a panel of providers havebeen included in the reported figures under New Regular Premiums Protection. These amountto £8.7 million of new regular premiums (2007: £8.6 million) for the nine months to30 September 2008. This equates to £8.7 million new business premiums (2007: £8.6 million).Sales of non-manufactured single premium investment business by St. James’s PlacePartnership amounting to £85.2 million have been included in the reported figures underInvestments for the nine months to 30 September 2008 (2007: £74.2 million). This equates to£8.5 million new business premiums (2007: £7.4 million).5
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press release - St James's Place

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