SLI's MyFolio range helps lift AUM near to £80bn

Demand for Standard Life Investments' popular MyFolio range has helped the business grow assets under management to almost £80bn, the company said today.

Delivering its third quarter update to the market, Standard Life's investment arm said it had third party assets to £78.8bn. The group - one of the country's largest asset managers - said inflows across the first nine months of 2012 were £3.2bn, down from £3.4bn in 2011. They were impacted by a previously announced one-off outflow of £1.8bn from a pension scheme however, and excluding this, third party net inflows were £5bn, ahead of last year. The group - which recently signed a deal with RBS to offer its MyFolio range to the banks' clients - said the MyFolio range had been a key ...