Standard Life Investments has posted an operating profit before tax of £290m for the first half of 2015, an increase of 6% compared to £274m a year ago.
At the end of June 2015, Standard Life’s assets under administration (AUA) were £302bn, an increase of 1.5% from £296.6bn as on 1 January 2015.
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The company said that in volatile markets, AUA benefitted from strong net inflows of £3.4bn and small but positive market movements of £2.1bn.
Net inflows of £3.4bn included outflows from spread/risk business of £0.5bn which were more than offset by net inflows into our fee propositions of £3.8bn.
Standard Life Investments’ total assets under management (AUM) increased to £250bn versus £245.9bn at the end of fiscal year 2014. Within this, third party AUM (excluding strategic partner life business) increased to £124.4bn from £117.5bn six months ago.
Standard Life Investments revenue rose by 40% to £402m from £288m in the first half of 2014.
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By GlobalDataStandard Life Investments CEO David Nish said: "We have increased the assets that we administer on behalf of our customers to £302bn helped by strong demand for our propositions.
"Standard Life Investments actively manages £250bn of assets across the globe driven by consistently strong investment performance. We are continuing to see the benefits of our expanding distribution capabilities and strategic relationships with 70% of net inflows from outside the UK and strong growth in net inflows through the wholesale channel.
"Our UK fee based propositions continue to build momentum with regular contributions into our workplace pensions up 15%."
