Standard Life UK profits grow 60%

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Operating profits at Standard Life UK rose by more than 60% in the first half of the year compared to the same period in 2011, driven by an increase in fee revenues and lower acquisition costs.

The IFRS profit before tax figure of £141m compared to £87m recorded in the first six months of last year, and helped Standard Life group to an operating profit for the period of £302m, up 15% from...

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