Assets under administration (AUA) at life assurance leviathan Standard Life rose a bit more than the market had been expecting in the first quarter of 2012.
Standard Life's gross AUA at the end of March stood at £206.8bn, up from £198.4bn at the end of 2011, and ahead of market predictions of £204.5bn.
Standard Life Investments third party assets under management (AUM) of £76.1bn were up from the year-end figure of £71.8bn.
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The group notched up long-term savings new business sales of £5.0bn, with the UK performing well, but this failed to match the £5.8bn of sales in the first quarter of last year.
Long-term savings net inflows of £1.1bn2 (2011: £1.3bn2) included strong flows into institutional pensions, driven by demand for the firm's Global Absolute Return Strategies proposition.
JH
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