Investments  

Standard Life AUA go up

Standard Life AUA go up

Standard Life has seen strong net inflows which have pushed assets under administration up by 5 per cent in the first quarter of 2015.

Assets under administration have risen to £311.9bn which has been driven by Standard Life Investments, which has seen assets rise to £258.4bn. Assets under management have gone up by 5 per cent to £258.4bn.

Standard Life’s UK retail and workplace business now has assets under administration of £108.5bn – a rise of 6 per cent since January.

Article continues after advert

David Nish, chief executive of Standard Life, said: “We have made a good start to 2015 benefiting from strong investment markets as we continue to focus on providing value for our customers, clients and shareholders.

“We have increased the assets that we administer on behalf of our customers to £312bn helped by strong demand for our propositions.

“We completed the disposal of our Canadian business and returned £1.75bn of value to shareholders.”

Analyst view

Alan Devlin, an analyst at Barclays, said: “Standard Life reported strong net flows and AUM in Q1, primarily driven by Standard Life Investments.

“We are increasing both our estimates and price target by around 3 per cent given the better-than-expected AUM.

“Standard Life is trading on 16x our revised FY16 estimates, and with the stock trading in line with our revised price target, we remain equal weight.”