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Standard Life inflows rise despite tough markets

Fri, 19th Feb 2016 07:10

(ShareCast News) - Standard Life bucked volatile global markets to post a 9% rise in pre-tax operating profits to £665m with a £38m reduction in the spread/risk margin and diluted operating EPS of 26.1p.Assets under administration were up 4% to £307.4bn in volatile markets, driven by net inflows of £6.3bn against £1bn in 2014.The company said its institutional and wholesale operations continued to meet the needs of clients with net inflows more than doubling to £12.6bn, representing 13% of opening assets under management.It added that 67% of net inflows from outside the UK as it continue to expand its global reach.Workplace and retail demonstrated saw net inflows up 14% to £5.8bn, representing 8% of opening assets under administration as the company added more over 250,000 new customers through auto enrolment contributing to 9% increase in regular contributions into workplace pensions to £2.9bn.Fee based revenue rose 10% to £1.58bn representing 94% of underlying income.Standard said it was now "well capitalised" under European Union Solvency II rules with a stable surplus of £2.1bn and a solvency ratio of 162%.Chief executive Keith Skeogh said the company had made progress against a backdrop of volatile investment markets and an evolving regulatory landscape."While the difficult conditions in global financial markets may persist for some time, Standard Life remains well positioned to meet the needs of clients and customers around the world," he said."The breadth of our investment propositions, underpinned by strong investment performance and innovation, combined with our strength in pensions and savings, the power of a trusted brand and a strong balance sheet, means that we have a well-diversified and resilient business that continues to deliver for customers and clients as well as shareholders."
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27 May 2016 16:29

Friday broker round-up

(ShareCast News) - B&M European Value: Retail Jefferies reiterates buy with a 330p target and Citigroup keeps at buy with a target of 345p. Standard Life: Jefferies stays at buy with a 403p target. United Utilities: JP Morgan reiterates overweight with a target price of 1020p and Exane BNP Paribas

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23 May 2016 07:58

Standard Life says group assets up 2.1 pct in first quarter

LONDON, May 23 (Reuters) - Insurer and asset manager Standard Life said on Monday that total assets under administration rose 2.1 percent to 314 billion pounds ($455.33 billion) during the quarter to end-March, boosted by market and currency moves. Net inflows into the firm's various produc

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23 May 2016 07:42

TOP NEWS: Standard Life First Quarter Assets Under Administration Rise

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18 May 2016 19:36

Financials lead gains as interest rate curves steepen, pound pops higher

(ShareCast News) - Financials led gains in London, over on the Continent and across the Pond too, as interest rate futures continued to progressively - albeit only modestly - price-in a higher probability of a US central bank rate hike in the very near-term, perhaps as soon as the next month. As of

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17 May 2016 17:51

Standard Life faces investor ire over executive pay

* Nearly a quarter of votes cast against pay report * Latest British company criticised over boardroom remuneration * CEO moved to cede some of his long-term bonus * Higher pay partly due to shift away from insurance -chairman By Carolyn Cohn LONDON, May 17 (Reuters)

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17 May 2016 17:16

Regus Joins Standard Life In Facing Shareholder Protest On Pay

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17 May 2016 16:31

Standard Life Backs Remaining In EU, Shareholders Protest Pay

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17 May 2016 15:13

Standard Life shareholders overwhelmingly back pay report

LONDON, May 17 (Reuters) - An overwhelming majority of shareholders in Standard Life have backed the investment group's 2015 remuneration report. At the annual shareholder meeting on Tuesday, 77.69 percent of shareholders voted for the report and 22.31 percent voted against. (Reportin

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17 May 2016 15:12

Dividends Calendar - Week Ahead

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12 May 2016 12:45

Boosted By Asset Management, Standard Life Wins S&P Rating Increase

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12 May 2016 10:28

Market volatility after Brexit would hit L&G, Standard Life-Moody's

LONDON, May 12 (Reuters) - Legal & General and Standard Life are among insurers most exposed to market volatility if there is a vote for Britain to leave the European Union and their solvency levels could suffer, ratings agency Moody's said on Thursday. "We expect to see volatility in finan

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12 May 2016 00:01

Oil refiners, gas producers face higher costs from climate laws - report

By Susanna Twidale LONDON, May 12 (Reuters) - Oil refiners and gas producers could face higher production costs if countries use a high carbon price to follow through promises made at last year's global climate summit in Paris, research showed on Thursday. The landmark Paris Agreement

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10 May 2016 15:09

AGM, EGM Calendar - Week Ahead

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4 May 2016 07:52

Standard Life acquires AXA's Elevate

(ShareCast News) - Standard Life added more than 160,000 new customers and £9.8bn of assets under administration on Wednesday, announcing the acquisition of Elevate from AXA UK. The FTSE 100 firm said Elevate - registered as AXA Portfolio Services - would enhance its position as a platform provider

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4 May 2016 06:55

TOP NEWS: Standard Life To Acquire AXA's Elevate Wrap Platform

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