Standard Life Investments’ operating profit before tax was £257m for the year 2014, an increase of 30% compared with £197m a year ago.
Standard Life Investments third party assets under management (AUM) for 2014 increased by 30.8% to £117.5bn from £89.8bn at the end of 2013 driven by net inflows of £1.7bn, favourable market movements and the acquisition of Ignis.
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Total assets under management for Standard Life Investments for year were £245.9bn, an increase of 45% compared to £170.1bn at the end of last year.
Standard Life Investments revenue rose by 33% to £686m from £514m in 2013 including a 43% increase in revenue from third party assets to £557m.
Group operating profit was up 19% to £604m, compared with £506m in 2013. The group’s fee based revenue increased by 14% to £1,433m.
David Nish, CEO Of the company, said: "We have increased revenues, profits and cash generation and now have assets under administration of almost £300bn.
"We have made good strategic progress during the year with the acquisition of Ignis Asset Management and the sale of our Canadian operations increasing focus on fee business and enabling a £1.75bn return to shareholders," he added.
