The firm’s interim management statement notes that despite failing to rival the record £2.3 billion of net inflows it saw in the first quarter of 2008, it still managed to maintain inflows amid market volatility.
However, it did not specify operating profits for the quarter.
Sales into British mutual funds stood at £184m during the quarter, a figure Standard Life describes as “modest” but an increase over the figure of £21m for the same quarter last year.
Third party assets under management fell by 3% during the quarter to £44.2 billion, while total assets under management fell 5% to £117.7 billion.
Standard Life, the parent company of Standard Life Investments, said net sales were down 20% to £30.6 billion worldwide, and down 27% at £2.5 billion in Britain, partly owing to a decision not to renew lower margin bulk investment bond deals. Its life and pensions business saw worldwide net outflows of £26m after net inflows of £931m in 2008.