View more on these topics

Standard sees third party investments up 23%

Standard Life Investments has reported third party net investment sales up 23 per cent to £7.9bn while UK net mutual fund sales rose 15 per cent to a record £1.5bn, up from £1.3bn last year.

The record figures, to year ended December 31, 2007 saw third party funds under management up 24 per cent to £47.7bn, from £38.6bn last year.

SLI’s total funds under management increased 8.5 per cent to £143.4bn.

Total net UK institutional sales rose 18 per cent to £3.9bn up from £3.3bn in 2006.

SLI chief executive Keith Skeoch says: “2007’s record levels have been achieved as a result of our highest ever institutional and mutual fund sales, strong inflows into private equity, and increasing sales in our main overseas markets of Canada, Europe and the Far East.

“It has been particularly pleasing that we have been able to deliver record results against a background of volatile markets and a global credit crunch.

“This demonstrates the confidence that investors have in our investment process, strong performance and the high service levels we strive to deliver, and that our clients have come to expect. External recognition of our people, processes, products and long term performance record continues to grow with SLI winning a record 13 industry awards during 2007.”


FSA urged to take actionon re-reg

Transact head of marketing Malcolm Murray says the FSA must take action against firms that refuse to allow re-registration of assets off their platform.Murray believes this is in clear breach of treating customers fairly and too often the “culprits” blame technical difficulties when really they are worried about losing business.The FSA says it is looking […]

Broker Talkback

Were the Tories right to choose John Tiner to take part in their review of regulation?Yes 50%No 50%Yes “As much as I hate the FSA, he has experience with the financial world so he must be reasonable. The alternative is to bring someone in from the Bank of England.”Robert Beattie, Robert Beattie & Co No […]

With-profits challenge faces firms

The supervisory focus on with-profits advice will continue for the FSAIt says it will challenge firms to ensure with-profits clients are treated fairly.The regulator’s business plan says: “We will take a close interest in ensuring that there is appropriate governance in place, pursue the closed funds’ agenda outlined in last year’s business plan, and review […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm