Standard Life Investments has posted an operating profit before tax of £342m for the year ended 31 December 2015, a surge of 33% compared to £257m a year ago.
Revenue rose 23% to £843m from £686m a year ago which included a 21% increase in third party revenue from our Growth Channels to £624m.
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Standard Life Investments’ total assets under management reached £253.2bn from £245.9bn in 2014.
For the year ended 31 December 2015, third party growth net inflows rose to £10.3bn from £1.7bn in 2014.
Standard Life Investments third party assets under management (AUM) increased by 11% to £130.5bn in 2015 from £117.5bn at the end of 2014.
Commenting on the performance, Standard Life Investments CEO Keith Skeoch said: "We have increased the assets that we administer on behalf of our clients and customers to £307bn with almost two thirds of these assets now coming from our Growth Channels. Investments are at the heart of what we do and we now manage £253bn of assets across the globe driven by strong investment performance.
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By GlobalData"We continue to see the benefits of our expanding distribution capabilities and strategic relationships with 67% of net inflows of £12.6bn into our Institutional and Wholesale Growth Channels coming from outside of the UK."
