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St James's Place targets wealthy's inheritance problems as profit lifts

Mar 01, 2018 - City A.M.

WEALTH manager St James's Place (SJP) announced yesterday its profit had shot up over 2017, as the firm saw rising demand from clients for pensions advice.

Profit before tax stood at £186.1m, an impressive rise of 32 per cent from the year before.

Meanwhile the full-year dividend of 42.86p was up 30 per cent, helping to lift SJP's share price by 2.58 per cent by the close yesterday.

"Our core target market is already large and forecast to grow further still, driven by favourab...