St James’s Place suffers £1bn hit to flows as investors look to dodge pension tax

cityam

Jul 29

St James's Place saw a drop in inflows but boosted customer numbers St James’s Place took a £1bn hit to net inflows in the first half of the year as investors pulled cash from its funds to dodge ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSt James’s Place suffers £1bn hit to flows as investors look to dodge pension tax\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-29 17:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/st-jamess-place-suffers-1bn-hit-to-flows-as-investors-look-to-dodge-inheritance-tax/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>St James's Place saw a drop in inflows but boosted customer numbers St James’s Place took a £1bn hit to net inflows in the first half of the year as investors pulled cash from its funds to dodge ...</p>\n\n<a href=\"https://www.cityam.com/st-jamess-place-suffers-1bn-hit-to-flows-as-investors-look-to-dodge-inheritance-tax/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ITDE","symbol_name":"ISHARES LIFEPATH TARGET DATE 2045 ETF","start_time":0,"source_url":"https://www.cityam.com/st-jamess-place-suffers-1bn-hit-to-flows-as-investors-look-to-dodge-inheritance-tax/","article_id":"2655865397","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/01/1107-St.-Jamess-Place-1.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/st-jamess-place-suffers-1bn-hit-to-flows-as-investors-look-to-dodge-inheritance-tax/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2655865397","pubTimestamp":1785315910,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"St James's Place saw a drop in inflows but boosted customer numbers St James’s Place took a 1bn hit to net inflows in the first half of the year as investors pulled cash from its funds to dodge market volatility and a looming pension tax bill.Net inflows declined from 3.8bn to 2.7bn in the first half of the year, in line with analyst expectations. The group pinned the decline on market uncertainty coupled with “impending changes” to the retirement and financial planning landscape.From April 2027, pensions will fall within the scope of inheritance tax leading to savers opting to take money from their pots before the 40 per cent levy takes effect.Profit before tax also took a hit as the company overhauls its fee structure, falling to 278.4m from 307m the prior year. Key changes included separating charges into components and removing early withdrawal charges on pensions and bonds.The FTSE 100 group announced an interim ordinary dividend of 6p per share and a fresh share buyback programme","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ITDE":"ISHARES LIFEPATH TARGET DATE 2045 ETF"},"translate_title":"由于投资者寻求逃避养老金税，圣詹姆斯广场遭受 10 亿英镑的资金流动打击","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ITDE":1.5},"content_text":"St James's Place saw a drop in inflows but boosted customer numbers St James’s Place took a £1bn hit to net inflows in the first half of the year as investors pulled cash from its funds to dodge market volatility and a looming pension tax bill.Net inflows declined from £3.8bn to £2.7bn in the first half of the year, in line with analyst expectations. The group pinned the decline on market uncertainty coupled with “impending changes” to the retirement and financial planning landscape.From April 2027, pensions will fall within the scope of inheritance tax leading to savers opting to take money from their pots before the 40 per cent levy takes effect.Profit before tax also took a hit as the company overhauls its fee structure, falling to £278.4m from £307m the prior year. Key changes included separating charges into components and removing early withdrawal charges on pensions and bonds.\n\nThe group also decided to pay advisers ongoing advice fees on a monthly basis rather than annually as of next March.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe FTSE 100 group announced an interim ordinary dividend of 6p per share and a fresh share buyback programme totalling £128.1m.Shares declined 3.9 per cent in morning trading to 1,042p. The stock is down 26.8 per cent since the start of the year.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}