OREANDA-NEWS. Assets under administration from continuing operations up to £290.0bn driven by good net inflows of £4.3bn and acquisition of Ignis Asset Management

In the UK we have added 290,000 new customers through auto enrolment year to date and over 500,000 since auto enrolment began

UK retail and corporate fee business AUA now over £100bn

SLI continues to deliver strong investment performance in volatile markets with third party AUM from continuing operations now £158.9bn and integration of Ignis progressing well

Fee revenue from continuing operations up 13% to £1,032m year to date including acquisitions

Proposed disposal of Canadian operations1 increases focus on fee business and enables £1.75bn planned return of capital to shareholders

Strong and resilient balance sheet with an estimated IGD surplus of £3.3bn before the sale of Canadian operations

David Nish, Chief Executive, commented:

"Standard Life has continued to perform well driven by a focus on delivering value for money for our customers and clients.

"We have made good strategic progress in the quarter with the completion of the acquisition of Ignis Asset Management and the announcement of the proposed sale of our Canadian operations which enables a £1.75bn return of capital to shareholders. We are also strongly placed to deal with the far-reaching reforms to the savings and retirement income rules, announced earlier this year by the UK Government, and to support customers through these changes. We have an excellent track record of succeeding in evolving markets.

"Although investment markets are unsettled and may affect the near-term pace of asset and revenue growth, we are very well placed for the future. We have the products, experience and proven investment performance to help our customers and clients in all of our markets to save and invest, so that they can look forward to their financial futures with confidence."