SLI posts record 2007 sales figures

Standard Life Investments has announced record sales figures for last year and an 8.5% increase in fu...

Standard Life Investments has announced record sales figures for last year and an 8.5% increase in funds under management to £143bn. Net sales increased by 23%, up to £7.9bn from £6.4bn the previous year, and the group reported its alternative asset classes had seen particularly strong inflows, with private equity investment increasing 31% to £464m in 2007. Despite a sharp slowdown in the fourth quarter of the year, SLI said its mutual fund range saw record net inflows of £1.5bn from UK retail customers, an increase of 15%. Product launches over the past 12 months have included an Indi...