AUA at Standard Life exceeds expectations

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.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

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.

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.