UK - Standard Life Investments has put the largest ever inflows of third party business of £9.8bn in part down to strong performance across its pension fund and mutual fund range.
Standard Life saw UK institutional sales grow by 108% in 2005, reaching £3.3bn. The figure represented a compound annual growth rate of 43% over the last three years.
Globally, gross investment sales hit a record £7.3bn, up 132%, or £3.2bn on the previous year.
Third party funds under management were up by £9.8bn, an increase of 54% to £28.1bn at year-end, compared to £18.3bn in 2004. Keith Skeoch, CEO of Standard Life Investments said: “2005 was a real growth story for Standard Life Investments, and a year that surpassed expectation with record sales across many of our product lines.
“The high levels of performance generated across both our pension fund and mutual fund range, couple with our robust and repeatable investment process resulted in our largest ever inflows of third party business.”
By Daniel Flatt
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