Strong showings for Standard Life's SIPP and wrap propositions helped boost net inflows for the group by 60% to £7.2bn for the nine months to 30 September.
Customers in Standard Life's individual SIPP proposition increased by 21% to 101,400 (31 December 2009: 83,900) while wrap customers rose 63% to 51,400 (31 December 2009: 31,600). In total, long-term savings net inflows for the group more than doubled to £3.5bn (2009: £1.4bn) with growth of 63% to £1.0bn (2009: £0.6bn) in Q3. Group assets under administration (AUA) were 13% higher at £192.4bn (31 December 2009: £170.1bn). There was also a strong showing for Standard Life Investments (SLI) with third party assets under management (AUM) 21% higher at £69.1bn over the period. SLI's...
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