Article: Evening Standard, London, Business Briefs Column.

Evening Standard, London Knight Ridder/Tribune Business News

May 1--SAVINGS SLUMP HURTS ST JAMES'S: The rich are shunning stock market-linked savings products, sending sales at St James's Place Capital slumping by one-fifth in the first quarter of 2003.

The wealth manager reported a 20 percent fall in underlying sales of pension and investment products to UKpound 31.5 million, including a 27 percent slide in unit trust sales. Chief executive Mike Wilson claimed the drop compared with first-quarter declines of 26 percent at Aviva and 32 percent at Prudential on equivalent products.

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