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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.


HSBC Bank goes FTSE crazy

HSBC Bank is aiming its performance plus individual savingsaccount (Isa) at investors who are looking to reinvest theirmaturing tax exempt special savings accounts (Tessas). The Isa is linked to the performance of the FTSE 100 index andreturns the original capital at the end of the five year term.Investors also get up to 55 per cent […]

NDF Administration – Extra Income & Growth Plan 7

Wednesday, 25 July 2001.Type: Offshore guaranteed equity bond.Aim: Income and growth linked to the Dow Jones Eurostoxx 50 index.Minimum investment: £10,000, Isa £7,000.Place of registration: Dublin.Investment split: 100 per cent linked to the Dow Jones Eurostoxx 50 index.Guarantee: Capital returned in full at end of term provided the Dow Jones Eurostoxx 50 index final level […]

Product matters

The open annuity could become a familiar phrase in the coming months butit may well be talked about more than used. Aimed at those with£250,000-plus, it seems to be closer to a drawdown contract than atraditional annuity. It will offer transparent (but, potentially high) charges, investmentchoice (akin to, but not as wide as Sipps), some […]

Exclusive offering 105% LTV on loan

Mortgage packaging network Exclusive Connections is introducing a mortgageoffering 105 per cent loan to valuation. The product, which is funded by Mortgage Express, is based on a currentpayable rate of 6.25 per cent with a 1 per cent discount for two years. The loan is subject to income multiples of 3.25 per cent or 2.5 […]


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