SJP net inflows down 11% in 'second best year'

Net inflows at £9.8bn from £11bn

St James’s Place has reported that despite net inflows falling 11% in 2022, it had achieved its "second best year".

SJP has reported that net inflows fell to £9.8bn last year, down from £11bn in 2021, though 2022 still marked the second best year in its history for new business flows. Advisers attracted £3.9bn of new client investments during the final quarter. Retention of client investments, together with new client investments, resulted in net inflows of £2.1bn for the quarter. Gross inflows for the full year totalled £17bn.  GAM delays annual results as losses widen SJP chief executive Andrew Croft said the results were "despite significant macroeconomic challenges, which deepened as t...