St. James’s Place plc (SJP) issues an update on new business inflows and funds under management for the first half of 2025.
SJP announces their half-year results for the six months ended 30 June 2025. Highlights include:
- £10.5 billion of new client investments (H1 2024: £8.5bn)
- Net inflows of £3.8 billion (H1 2024: £1.9bn)
- Funds under management retention at 95.3% (H1 2024: 94.6%)
- Funds under management of £198.5 billion (31 December 2024: £190.2bn)
Chief Executive Officer, Mark FitzPatrick, commented:
“I am pleased to report strong operating and financial performance in the first half of 2025. During the period our highly qualified, professional advisers helped over one million clients to navigate a complex macroeconomic environment, ensuring clients’ financial plans remain on track for the future. This resulted in gross inflows of £10.5 billion, up 23% on the first half of 2024.
Retention of client funds under management (FUM) remained high, leading to net inflows of £3.8 billion – double the net inflows we saw in the first half of 2024. This, together with positive investment performance for clients, drove FUM to a record £198.5 billion, underpinning a strong Underlying cash result of £240.4 million.
Beyond new business, the first half was a busy period of heavy lifting as we progressed in delivering our key programmes of work. We expect our new simple, comparable charging structure to be in place from 26 August 2025, and we look forward to achieving this important milestone.
Meanwhile, our cost and efficiency programme is proceeding as expected and we are confident in delivering against our plan to take around £100 million out of our addressable cost base by 2027.”
You can view the full press release here.
SJP Approved 23/10/2025
