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St James Place Capital announces results

St James Place Capital has announced a 67 per cent increase in its pre-tax profits.


SJPC the holding company for J Rothschilds Assurance and a 24 per cent shareholder in the Life Assurance Holdings Corporation showed total 1998 pre-tax profits of £86.3m up from £xxm in 1997.


J Rothschilds Assurance which specialises in advising higher net worth clients saw total new business up by 20 per cent to £130.8m.


SJPC saw its share of the profits from LAHC, which acquired Gan Life and Aegon during 1997, rise from £3.7m to £17.6m.

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