St. James’s Place plc (LON:STJ) has issued an update on new business inflows and funds under management for the year ended 31 December 2025. Mark FitzPatrick, St. James’s Place Chief Executive Officer, commented:“I am pleased to report a strong year for SJP. We also delivered strong investment performance for the benefit of our clients, with returns representing 12% of opening funds under management. Together with net inflows, this meant our FUM closed the year at £220.0 billion, a record high and up 16% during the year. The final quarter also saw elevated short-term outflows, as many clients accelerated tax-free cash (TFC) withdrawals from their pensions in anticipation of reduced TFC allowances.