Standard Life plc : Half year Results 2014
Continuing delivery of growth and performance
• Strong operational performance with fee business revenue up 12%1 to £758m
• Assets under administration up 4% to £254.1bn, driven by strong net inflows of £4.6bn
• Business unit underlying performance* up 7% to £367m
• Operating profit2 before tax up 12% to £339m
• Acquisition of Ignis Asset Management enhances strategic positioning, and accelerates growth and
returns for shareholders
• Strong balance sheet and cash3 generation up 8% to £250m
• Interim dividend up 7.3% per share to 5.60p
David Nish, Chief Executive, commented:
“Standard Life has continued to perform well in the first half of 2014, driven by our focus on delivering value for money for all of our customers. We have increased revenues, profits and cash, and now have assets under administration of £254bn. “We have the products, experience and proven investment performance to help our customers in all of our markets to save and invest, so that they can look forward to their financial futures with confidence.
“We have an excellent track record of succeeding in evolving markets and we are well placed to deal with the far-reaching reforms to the savings and retirement income rules, announced earlier this year by the UK Government. “We remain committed to providing simple, flexible investment solutions for all of our customers which make saving for the long-term even more attractive, while creating new opportunities for our businesses.”
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