Standard Life sales up on AE boost as AUA nears £97bn

Jenna Towler
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Standard Life's sales of long term savings products increased significantly in the first nine months of the year on the back of auto-enrolment.

The provider's interim statement also said it was now dealing with more than 540 adviser firms it had not had relationships with previously, or who had not dealt with the provider in several years The results said UK retail and corporate fee business assets under administration (AUA) increased to £96.9bn. Its corporate AUA increased by 11% to £27.3bn and corporate new business was up 53% driven by auto-enolment business. New retail AUA increased by 28% to £36.7bn. It said this was driven by a combination of robust net inflows and positive market movements. The insurer's self-inves...

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