St James's Place beats market expectations
The company's most closely followed measure of new business, a combination of regular and single premiums, saw a 30 per cent increase over the period to 136.5m compared with forecasts of around 126m.
Funds under management were up 11 per cent during the quarter, boosted by a 700m net inflow and strong stock markets, reaching a total of 24.8bn.
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Hide Ad"Although the outlook was uncertain earlier in the year, 2010 is proving to be a very successful year for St James's Place... we remain confident in our ability to deliver average new business growth within our 15-20 per cent per annum range over the medium term," the company said in a statement.