Standard Life plc Capital markets day and assets and flows update (9385Y)
May 23 2016 - 3:30AM
UK Regulatory
TIDMSL.
RNS Number : 9385Y
Standard Life plc
22 May 2016
Standard Life plc
Capital markets day and assets and flows update
Standard Life is holding a capital markets day for investors and
analysts in London on 23 May 2016.
The day will focus on how Standard Life is building a simplified
and well diversified investment company that capitalises on global
trends shaping the investments landscape.
Presentations from management across the business will focus on
Standard Life's growth channels that are the key drivers of asset,
revenue and profit growth. Topics covered will include the breadth
and depth of Standard Life Investments' global investment
capabilities and how these, combined with expanding distribution
and growing diversification by geography, asset class, channel and
client type, have helped to create a business that can deliver
long-term profitable growth. Presentations will also demonstrate
how the Pension and Savings business is delivering premium
propositions that are valued by employers, financial advisers and a
growing number of individual customers. Additional insights will be
given into the cost base and scalability of the business.
In the context of the capital markets day, participants will be
provided with an update on assets and flows. The presentations will
shortly be available at www.standardlife.com where interested
parties can also view the webcast of the event.
Group assets under administration GBPbn
----------------------------------- ------
Group assets under administration
at 31 December 2015 307.4
----------------------------------- ------
Institutional net inflows 1.5
Wholesale net inflows 0.1
Workplace net inflows 0.4
Retail net inflows 1.1
Other net outflows (0.3)
Eliminations (0.5)
----------------------------------- ------
Growth channels net inflows 2.3
----------------------------------- ------
Mature fee books net outflows (1.3)
Spread/risk net outflows (0.2)
----------------------------------- ------
Mature books net outflows (1.5)
----------------------------------- ------
Associate and joint venture life
businesses net inflows 0.1
Market/other movements 5.7
----------------------------------- ------
Group assets under administration
at 31 March 2016 314.0
----------------------------------- ------
Net inflows across the Institutional and Wholesale channels
included net inflows into multi-asset of GBP1.0bn. Standard Life
Investments total assets under management at 31 March 2016 were
GBP258.6bn while third party assets under management excluding
strategic partner life business stood at GBP132.7bn.
23 May 2016
Investor Enquiries
Jakub Rosochowski
Head of Investor Relations
+44 (0) 131 245 8028*
+44 (0) 7515 298 608
Email: jakub_rosochowski@standardlife.com
* Calls may be monitored and/or recorded to protect both you and
us and help with our training. Call charges will vary.
Forward looking statements
This document, and the presentations referenced in this
document, may contain certain "forward-looking statements" with
respect to certain of Standard Life's plans and its current goals
and expectations relating to its future financial condition,
performance, results, strategy and objectives. Statements
containing the words "believes", "intends", "expects", "plans",
"pursues", "seeks" and "anticipates", and words of similar meaning,
are forward-looking. By their nature, all forward-looking
statements involve risk and uncertainty because they relate to
future events and circumstances which are beyond Standard Life's
control including among other things, UK domestic and global
economic and business conditions, market related risks such as
fluctuations in interest rates and exchange rates, and the
performance of financial markets generally; the policies and
actions of regulatory authorities, the impact of competition,
inflation, and deflation; experience in particular with regard to
mortality and morbidity trends, lapse rates and policy renewal
rates; the timing, impact and other uncertainties of future
acquisitions or combinations within relevant industries; and the
impact of changes in capital, solvency or accounting standards, and
tax and other legislation and regulations in the jurisdictions in
which Standard Life and its affiliates operate. This may for
example result in changes to assumptions used for determining
results of operations or re-estimations of reserves for future
policy benefits. As a result, Standard Life's actual future
financial condition, performance and results may differ materially
from the plans, goals, and expectations set forth in the
forward-looking statements. Standard Life undertakes no obligation
to update the forward-looking statements contained in these
materials or any other forward-looking statements it may make.
-
Standard Life plc is registered in Scotland (SC286832) at
Standard Life House, 30 Lothian Road, Edinburgh EH1 2DH.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFSEEIIFFIR
(END) Dow Jones Newswires
May 23, 2016 03:30 ET (07:30 GMT)
Abrdn (LSE:ABDN)
Historical Stock Chart
From Apr 2024 to May 2024
Abrdn (LSE:ABDN)
Historical Stock Chart
From May 2023 to May 2024