Standard Life profits up 7%

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Standard Life's operating profit before tax increased by 7% to £425m last year, boosted by the uptick in markets and an increase in corporate pension scheme clients.

There was a 16% increase in fee-based revenues to over £1.1bn, while group assets under administration were 16% higher at £196.8bn compared to 2009. UK fee business AUA was 15% higher at £98.6bn...

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