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Standard Life’s platform assets up 26%

Standard Life increased the total assets under administration on its platform by 26 per cent from £10bn to £12.6bn to the year ending March 31, 2012.

In a first quarter interim management statement released today, the firm says the total assets under administration in the UK increased from £11.4bn in the three months from the end of December.

The firm says its platform accounts for over 200,000 customers.

The number of advisers on its wrap platform increased by 19 per cent from 874 to 1,040 year-on-year to the end of March. The average assets under administration per existing firm increased from £7.9m to £9.2bn at the end of March.

Total Sipp customers increased 24 per cent year-on-year to 141,000 and assets under administration increased from £15.6bn to £17.5bn.

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