Standard Life's sales of long term savings products increased significantly in the first nine months of the year on the back of auto-enrolment.
The provider's interim statement also said it was now dealing with more than 540 adviser firms it had not had relationships with previously, or who had not dealt with the provider in several years
The results said UK retail and corporate fee business assets under administration (AUA) increased to £96.9bn. Its corporate AUA increased by 11% to £27.3bn and corporate new business was up 53% driven by auto-enolment business.
New retail AUA increased by 28% to £36.7bn. It said this was driven by a combination of robust net inflows and positive market movements.
The insurer's self-invested personal pension business was also buoyant. Customer numbers were up 13% with assets under administration up 14% to just over £22bn.
Its platform AUA increased by almost a quarter, to £18.1bn. It stood at £14.6bn this time last year.
The number of individual advisers using its wrap platform increased by 20% to 5,056 (FY 2012: 4,206).
MyFolio net inflows were up 29% to £1,094m (2012: 845m) and AUA up 57% to £3.5bn (FY 2012: £2.2bn).
Standard Life Wealth net inflows of £484m and AUA up to £5.5bn, following the completion of the Newton Private Clients deal
Paul Matthews, Standard Life Chief Executive, UK and Europe, said: “We were well prepared for the regulatory changes introduced over the past year and we are continuing to take advantage of the opportunities they have created.
"We have added 195,000 new customers to our corporate business since the start of the year and we now look after 1.4 million employees. We have a strong pipeline of secured new corporate pension business and we have been developing our proposition to support the thousands of small and medium-sized businesses who will be implementing auto enrolment during 2014.
"Our retail business has also built on the momentum we saw in the first half of the year with increasing demand for our investment solutions, including MyFolio funds which saw net inflows up 29%. We are also now dealing with an additional 546 adviser firms with whom we have not dealt with before or for several years."
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