STANDARD Life's UK life and pensions sales soared by 52pc to £3.220m, and individual SIPP sales increased by 117pc to £1.233m, according to its three months business results to March 31 2007.
Group pension sales increased by 40pc to £582m while Standard Life third party funds under management rose by 10pc to £42.4bn. UK segregated fund net inflows were up 195pc to £772m and UK mutual fund retail net inflows rose 76pc to £587m. The firm also recorded a strong quarter for its wrap offering. By the end of March there were 115 IFA firms using the platform and 2,500 customers with an average fund size of £140,000. At March 31 2007, funds under management on the wrap platform had increased to £0.4bn from £0.2bn on December 31 2006. Commenting on the results, group chief e...
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