28th Oct 2015 07:30
LONDON (Alliance News) - Standard Life PLC on Wednesday reported stable assets under administration at the end of the third quarter and net inflows of GBP2.4 billion.
The FTSE 100 investment and savings company said that group assets under administration amounted to GBP301.9 billion at the end of September, down from the GBP302.1 billion at the end of the first half.
However, assets under administration were up from GBP296.6 billion at the end of 2014 and GBP290.0 billion at the end of the corresponding quarter the prior year.
"Standard Life has performed well against a backdrop of volatile investment markets," Chief Executive Keith Skeoch said in a statement.
"We remain well positioned with clients and customers to deliver growth as we continue to innovate and increase collaboration across our businesses," Skeoch said.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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