SLA profits slump by 30% in H1

clock • 2 min read

Standard Life Aberdeen (SLA) saw its profits fall by a third in its first-half results as revenue fell, but redemptions from its strategies fell to the lowest level since the firm's blockbuster 2017 merger.

SLA said adjusted profit before tax slipped to £195m in H1 2020, 30% lower than in H1 2019, at £280m, largely reflecting lower revenue. Its fee-based revenue fell 13% to £706m, from £815m. Howev...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Pension providers set to launch first National Annuity Day

Pension providers set to launch first National Annuity Day

Initiative aims to raise awareness of annuities and provide discussion about the future of retirement income

Martin Richmond
clock 18 September 2025 • 2 min read
Bank of England holds interest rates at 4% and slows QT

Bank of England holds interest rates at 4% and slows QT

MPC committee votes seven to two to hold interest rates due to 'sticky' inflation

Linus Uhlig and Professional Pensions
clock 18 September 2025 • 3 min read
Maps publishes 2025-2028 strategic plan

Maps publishes 2025-2028 strategic plan

Intends to improve services, share knowledge to boost wellbeing and deliver dashboards

Holly Roach
clock 18 September 2025 • 2 min read
Trustpilot