Standard Life enjoys strong inflows to lift assets under management

Insurer and asset manager Standard Life reported a 2% increase in third-quarter assets under managements in volatile markets, driven by strong net inflows.

Net inflows for the nine months were £5.8bn including net inflows of £2.4bn in the third quarter.

The FTSE 100 company said the UK and Europe continued to build momentum with net inflows of £1.9bn, up from £1.5bn in 2014.

As a result, AUM at the end of September stood at £301.9bn, up from £296.6bn at the end of 2014 and £290bn at the end of the third quarter of last year.

Standard Life's proprietary Wrap platform achieved its highest ever quarterly net inflows, while another strong area was from strong growth in regular contributions into workplace pensions.

Chief executive Keith Skeoch said: “Standard Life has performed well against a backdrop of volatile investment markets. We have delivered consistently strong investment performance and record third party net inflows of £10bn across our institutional and wholesale channels.

He added: "We remain well positioned with clients and customers to deliver growth as we continue to innovate and increase collaboration across our businesses."

At 0821 GMT, shares were up 1% at 422.70p.