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St James&#39s Place Capital interim profits up 21 per cent

St James’s Place Capital new business figures for the first half of the year were up 21 per cent to £106.9m EPI from £88.4m EPI.

Single premium unit trust business was down 7 per cent to £187.5m from £200.8m. Pension business was up 65.2 per cent to £36m from £21.85m EPI.

Sales of Clerical Medical stakeholder are included in the figures and were at £1.2m EPI. Assets under management grew 7 per cent to £6.1bn from £5.7bn.

The group says it is willing to sell its 23 per cent share of Life Assurance Holding Corporation if it received a substantial bid.

St James’s is hoping the polarisation review will bring in further opportunities for gap filling, but says it is not looking to multitie.

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