Standard Life UK assets up 5% following 'strong inflows'

The business reported an upswing in AUA from £128.1bn to £134.7bn in the first quarter of the year, saying it is "well placed to deal with the new pensions regulations". The government reformed the retirement income landscape over the past year, allowing savers to access their pension pots in any way they like. This meant for many they did not have to buy an annuity anymore and could instead opt for investment-linked products such as income drawdown. Standard Life said its wrap platform saw a 16% increase in net inflows in the first quarter of this year, the period before pensions ...