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Standard Life tipped for outflows ahead of Aberdeen merger

Flagship Gars fund expected to bear the brunt of outflows in company’s half-year results

Skeoch Keith Standard Life Investments
Standard Life chief executive Keith Skeoch

Standard Life is expected to announce outflows of over £5.5bn in the first half of the year ahead of the completion of its merger deal with Aberdeen Asset Management.

The Sunday Times reports the flagship £23bn Global Absolute Return Strategies fund is expected to be worst hit following a period of underperformance.

Panmure Gordon analyst Barrie Cornes has cut his full-year profit forecast for Standard Life from £430m to £400m.

Standard Life reports its half-year results tomorrow, and is due to complete its £11bn mega merger deal with Aberdeen on Monday.

The insurer is also understood to be eyeing a merger deal with Scottish Widows. Under takeover rules, it is not allowed to speak to other parties until the deal with Aberdeen is concluded.

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  1. More outflows form Standard life and their agents – The Sub Contractors or “restricted ” advisers of this reducing Edinburgh insurance company. So many purchases of their agents known as IFA’s after the White Pound sign on a blue background was made the propaganda that some IFA’s( still restricted advisers ) were somehow better than average – when the reality is they are less than average – and only know how to “consolidate and churn ” using percentage commission fees of % or more ( up to 7/8% ) and 1% or more on going. These are the shabby restricted advisers and agents of the lumbering insurance companies – who have not brought out any New Contracts or Ideas – for decades. No wonder St James Place and Hargreaves Lansdowne are outstanding and looking after their customers, because they respect their sales people and their clients !

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