Standard Life Investments' corporate managed pension fund was responsible for the Group's top decile performance over the last 12 months, according to new CAPS figures. The fund achieved four quarters of consistent out-performance.
Commenting on the latest performance figures, Stephen Acheson, Standard Life’s head of UK corporate funds, said: “This boost to our long term record in the institutional investment market is excellent news for our existing clients, and we now look forward to a further period of sustained growth in our business.
Acheson added: “Strong stock selection and our decision to stay out of the short-lived TMT bubble has given us a solid foundation on which to build in 2001.” He also said that performance was especially good in the UK equities, where Standard Life benefited from being light in technology and telecom issues.
Standard Life Investments aim to have £100bn of funds under management by 2003.The Group currently has assets under management of £78 billion.
By Janet Du Chenne
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
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