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Standard&#39s strength better than expected – Commerzbank

Standard Life&#39s year end results show its financial strength is better than analysts had expected with available assets up 9.5 per cent to £4.6bn in 2003 from £4.2bn the previous year.

Commerzbank analyst Roman Cizdyn says the mutual&#39s cash surplus compares well with figures published by its main rivals in recent years.

Cizdyn says: “The finances of Standard Life seem healthier than a lot of people had expected. A realistic surplus of £4.6bn compares well with their rivals and the bank and healthcare channels are both performing well.”

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