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Product category: Savings and investment
News Release from: Standard Life Investments | Subject: Investment funds
Edited by the Insidemoneytalk Editorial Team on 20 February 2008

Standard Life Investments - Record 2007
New Business Figures

Standard Life Investments' new business results for the year ended 31st December 2007:

Third Party net investment sales of £7.9bn up over 23% [2006: £6.4bn] Total net UK institutional sales of £3.9bn, an increase of 18% [2006: £3.3bn]

UK net mutual fund sales rose over 15% to a record £1.5bn [2006: £1.3bn].

Third party funds under management up almost 24% to £47.7bn [31 Dec 2006: £38.5bn].

Total funds under management increased by 8.5% to £143.4bn [31 Dec 2006: £132.1bn].

Keith Skeoch, CEO of Standard Life Investments, said: "2007 was an outstanding year for Standard Life Investments' with record levels of sales, record funds under management and a new high for third party funds under management.

This has 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.

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