Bucking the trend, Standard Life hits a nine percent increment in global markets, whereby hitting “pre-tax operating profits” to “£665m” besides a reduction of “£38m” in the risk margin factors.
However, the assets went up by four percent to “£307.4bn in volatile markets” following the “net inflows of £6.3bn” as compared to “£1bn” in the year of 2014.
As per the information provided by Standard Life, the company continues to meet the customers’ need in “institutional and wholesale operations”, whereby the net inflow has doubled to “£12.6bn”, which represents the thirteen percent of the “opening assets under management”.
Additionally, there has been a sixty seven percent net inflows from outside the UK”, while the company still continues to expand its reach globally. In the workplace and retail front there has been an increment of fourteen percent whereby touching bay at “£5.8bn”, which also represents the eight percent of the “opening assets under administration”.
Standard Life also added “more over 250,000 new customers” with the help of “auto enrolment” which contributed to nine percent increase in the “workplace pensions to £2.9bn”. The fee based revenue went up by ten percent to “representing 94% of underlying income”. According to the company, Standard:
“...was now "well capitalised" under European Union Solvency II rules with a stable surplus of £2.1bn and a solvency ratio of 162%”.
In spite of “volatile investment markets” coupled with ever changing “regulatory landscape”, Standard made “progress, thinks the chief executive, Keith Skeogh:
"While the difficult conditions in global financial markets may persist for some time, Standard Life remains well positioned to meet the needs of clients and customers around the world”.
"The breadth of our investment propositions, underpinned by strong investment performance and innovation, combined with our strength in pensions and savings, the power of a trusted brand and a strong balance sheet, means that we have a well-diversified and resilient business that continues to deliver for customers and clients as well as shareholders."
References:
http://www.digitallook.com/
However, the assets went up by four percent to “£307.4bn in volatile markets” following the “net inflows of £6.3bn” as compared to “£1bn” in the year of 2014.
As per the information provided by Standard Life, the company continues to meet the customers’ need in “institutional and wholesale operations”, whereby the net inflow has doubled to “£12.6bn”, which represents the thirteen percent of the “opening assets under management”.
Additionally, there has been a sixty seven percent net inflows from outside the UK”, while the company still continues to expand its reach globally. In the workplace and retail front there has been an increment of fourteen percent whereby touching bay at “£5.8bn”, which also represents the eight percent of the “opening assets under administration”.
Standard Life also added “more over 250,000 new customers” with the help of “auto enrolment” which contributed to nine percent increase in the “workplace pensions to £2.9bn”. The fee based revenue went up by ten percent to “representing 94% of underlying income”. According to the company, Standard:
“...was now "well capitalised" under European Union Solvency II rules with a stable surplus of £2.1bn and a solvency ratio of 162%”.
In spite of “volatile investment markets” coupled with ever changing “regulatory landscape”, Standard made “progress, thinks the chief executive, Keith Skeogh:
"While the difficult conditions in global financial markets may persist for some time, Standard Life remains well positioned to meet the needs of clients and customers around the world”.
"The breadth of our investment propositions, underpinned by strong investment performance and innovation, combined with our strength in pensions and savings, the power of a trusted brand and a strong balance sheet, means that we have a well-diversified and resilient business that continues to deliver for customers and clients as well as shareholders."
References:
http://www.digitallook.com/
