Standard Life profits up 7%

Katrina Lloyd
clock

Standard Life's operating profit before tax increased by 7% to £425m in 2010, boosted by the uptick in markets and strong flows into funds and SIPPs.

There was a 16% increase in fee-based revenues to over £1.1bn, while group assets under administration were 16% higher at £196.8bn compared to 2009. UK fee business AUA was 15% higher at £98.6bn due to positive market movements and net inflows, which have more than doubled to £3.6bn. Net inflows into institutional pensions, mutual funds and SIPP were particularly strong, Standard Life says. Individual SIPP customers rose 28% to 107,100 compared to 83,900 at 31 December 2009. Meanwhile, customers on its wrap platform soared 80% to 57,000 (31 December 2009: 31,600) and the number of ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

What Justin Bieber is telling you about your clients

What Justin Bieber is telling you about your clients

‘In our world, success, true success, is delivering someone to their goal’

Chris Justham
clock 22 April 2026 • 2 min read
Bank return to advice is a rare case of sequel eclipsing original

Bank return to advice is a rare case of sequel eclipsing original

‘Most banks and financial advisers will be serving vastly different customer bases’

Mark Glover
clock 21 April 2026 • 5 min read
FCA urges principal firms to strengthen inactive AR oversight

FCA urges principal firms to strengthen inactive AR oversight

Gaps in governance, reporting, and consumer protection

Isabel Baxter
clock 21 April 2026 • 3 min read