SLI wholesale and institutional inflows more than double to £10bn

Third party inflows £5.3bn

Standard Life Investments has seen its wholesale and institutional inflows more than double in the first nine months of the year, reaching £10bn despite volatile market conditions.

Wholesale and institutional net inflows were up from £4.4bn in 2014, and included £2.9bn of inflows in the third quarter of the year. The strong figure contributed to overall third party net inflows reaching £5.3bn, up from £3.9bn the previous year. As a result of the strong inflows assets under administration at Standard Life rose to £301.9bn, from £290bn this time last year. The group said 64% of net inflows year to date has come from outside the UK, as it continues to expand its global reach. Meanwhile, its Wrap platform saw assets jump 20% year-on-year, to £23.6bn, with net ...