Standard Life Investments saw its third party net inflows fall by 40% in the first half following the transfer of its money market funds, although group-wide AUM edged up.
Standard Life Investments is set to increase its annual management charges across seven retail offerings including Harry Nimmo's £1.2bn UK Smaller Companies fund.
Multi-manager funds proved popular among investors in the first quarter of 2011, with groups including Jupiter and Henderson all seeing a rise in sales thanks to their funds of funds, according to the latest Pridham report.
Insurance giants Prudential and Standard Life are considering partial sales of their asset management arms.
Continued appeal of bond funds in UK market evident in latest figures from Lipper FMI
Standard Life has been fined £2.45m by the FSA for serious failures relating to its Pension Sterling fund.