Standard Life said that its assets under administration (AUA) during the first half of 2014 increased by 4% to £254.1 billion from £244.2 billion a year ago.
Standard Life Investments third party assets under management (AUM) increased by 5% to £108 billion from £102.4 billion in the same half of 2013.
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The increase in Standard Life Investments third party AUM was driven by third party net inflows of £4.2bn, the company said in a statement.
AUA across the rest of the group benefited from a 61% increase in net flows of corporate pensions in the UK and stable net inflows into our retail propositions.
"Market movements were mainly positive but were partly offset by the negative impact of foreign exchange as Sterling strengthened against other currencies, including the Canadian Dollar and Indian Rupee," the company said in its statement.
Group operating profit was up 12% to £339 million, compared with £304 million in the first half of 2013.
The growth in operating profit was driven by strong performance from the business units with a 12%1 increase in fee revenue to £758 million.
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By GlobalDataING’s board has proposed an interim dividend of 5.60p per share, an increase of 7.3% compared to the last year.
