Standard Life's assets under administration up 5%
Investment group Standard Life said favourable market movements and net inflows have driven its assets under administration up in the first quarter of 2015.
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The FTSE 100 group saw assets under administration climb 5.1% year-on-year to £311.9m in the three months to the end of March, as net inflows totalled £2.9bn, while market movements added a further £12.4bn to assets under administration.
The London-listed group said total third party assets under administration rose 5.4% to £170.1bn, while the total value of assets under control in the UK and Europe advanced 5.1% to £153.3bn.
"We remain very well positioned to deliver ongoing growth,” said group chief executive David Nish.
“We have the products, expertise and proven investment performance to help our customers and clients to save and invest, so that they can look forward to their financial futures with confidence.”
Standard Life shares were up 0.49% to 468.50p at 08:35 on Wednesday.