Standard Life gets a lift from pensions push

Standard Life has reported strong figures for Q1, driven partly by a boost to its pensions business.

In its Q1 results, the group reported 5% growth in assets under administration to £312bn, driven by net inflows and rising markets. Extra contributions to workplace pensions since auto-enrolment have helped lift its assets under administration in this segment by 16% to £34bn, and the group said it is "well placed to deal with the new pensions regulations". The wrap platform saw a 16% increase in net inflows in the first quarter of this year, the period before pensions freedom came into effect. The platform received net inflows of £1bn, reaching a total new retail AUA of £40bn. Ann...