Positive outlook from Standard Life
Standard Life has reported a very positive interim outlook up to September and Standard Life investments net inflow are 75% higher than the same period last year. Their life and pensions net inflow in the third quarter are 91% higher. There is also strong growth in assets as markets begin to recover – although new business sales do reflect the impact of weaker average financial market levels.
Group Chief Executive Sir Sandy Crombie said: "Standard Life has continued to deliver a reliable underlying performance in the first nine months of the year, despite the challenging market conditions. I am particularly pleased with the strong growth in assets, especially in the third quarter. This should benefit the Group's profits and cashflow in the years to come and is a testament to our track record, demonstrating the confidence shown in us by our customers.”