James Hay 2014 results


THU, 26 MAR 2015

2014 was the year of unprecedented change in the retirement income planning market with numerous changes to pension flexibility and the introduction of the new ISA rules. James Hay grabbed the change and ran with it.

We were ready on 1st July 2014 to facilitate transfers between Cash and equity NISA and the new £15,000 limit, which we followed with the launch of our NISA with a cash panel. We also managed to ensure the business will be ready from day one of the new pension changes in April 2015 to offer the full suite of options.

The investment and preparatory work of 2014 has put us in an extremely strong position to deliver a rounded solution to tax efficient income planning pre, at and post retirement and help advisers maximise the opportunities the new pensions landscape now provides.

That new landscape allows us to offer even greater choice: offering pension flexibility and investments options. We provide one of the widest ranges of any platform from cash and funds all the way through to third party DFMs, unquoted shares and commercial property, and choice of funds with access to over 3,500 funds for just 18bps.

Key business developments in 2014:

• Net asset flows of £1 billion up 67% on 2013 to bring assets under administration to £16.4 billion at the end of December

• Launch of Modular iPlan, NISA and cash panel

• 1,395 new funds added in 2014, bringing the year end total to 3,500

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