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News Release from: Standard Life Bank | Subject: Life and pensions
Edited by the Insidemoneytalk Editorial
Team on 29 October 2007
Standard Life plc: New Business Results
- nine months to 30 September 2007
Worldwide life and pensions sales[1] up 21% to £11,669m (2006: £9,690m).
UK life and pensions sales up 27% to £9,850m (2006: £7,777m).Individual SIPP* sales up 43% to £3,577m (2006: £2,506m).Group Pensions sales up 31% to £2,000m (2006: £1,532m) Standard Life Investments worldwide investment net inflows up 95% to £6,078m (2006: £3,121m).Third party funds under management up 24% to £47.7bn (31 December 2006: £38.5bn).Total funds under management up 8% to £142.2bn (31 December 2006: £132.1bn).On track to meet our target of a 9 - 10% return on embedded value in 2007 and increasing thereafter
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