Standard Life Investments has reported record first-half year profits as both retail and institution...
Standard Life Investments has reported record first-half year profits as both retail and institutional fund sales soar. Profit before tax was up 43% to £40m compared to £28m in the first half of last year. Worldwide investment sales stood at £5.6bn, up 59% on last year. Institutional and retail fund sales grew by 40% and 63% respectively. Total funds under management now stands at £140.6bn. Keith Skeoch, chief executive officer of SLI, said: “We continue to attract new clients through high levels of service and strong investment performance. “I am confident that as we continue to di...
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