GARS provides another boost to Standard Life but annuity sales slump 50%

Standard Life's Q1 figures have been bolstered by further inflows into SLI's flagship GARS fund, but elsewhere the group said it had seen annuity sales fall 50% after March's Budget announcement.

The group's assets under administration rose by £2.4bn in Q1, with Standard Life Investments (SLI) contributing £2bn of this figure. Of that amount, a net £1.3bn of flows came from the group's multi-asset...

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