SLI’s pre-tax operating profit of £192m – an increase of 32% on last year’s profit figure of £145m.
The group said its new business flows were well-balanced between wholesale and institutional at 54% and 46% respectively.
MyFolio assets under administration increased by 82% to £4bn, while Standard Life Wealth AUA more than doubled to £5.8bn, up from £1.8bn last year, following the acquisition of the private client division of Newton Management Limited, which completed in September.
The number of adviser firms using its platform increased by 9% to 1,236 firms and assets held on Standard Life Wrap now exceed £20m.
The group said it remained well-positioned to deliver profitable growth.
“We remain very well positioned to deliver profitable growth. We are increasing our domestic and global presence and expertise across a range of asset classes while delivering consistently strong investment performance and strengthening relationships with our distribution partners. We also continue to leverage our investment expertise to maximise opportunities and revenues for the wider group.”
Taking steps 'just in case' ahead of Scottish vote
Meanwhile, Standard Life group said it had begun establishing additional registered companies to operate outside Scotland, into which they could transfer business if it were necessary.
“This is a purely precautionary measure, and customers do not need to take any action. We are simply putting in place a mechanism which, in the event of constitutional change, allows us to provide continuity to customers and to continue serving them, wherever they live in the UK,” a statement said.
Ahead of the referendum in September over Scottish independence, Standard Life said its key priority was to continue to serve the needs of its 4m UK customers, “wherever they reside and regardless of any constitutional change. The same applies to our customers in other parts of the world.
“As a business we have a long-standing policy of strict political neutrality and at no time will we advise people on how they should vote, but we have a duty and a responsibility to understand the implications of independence for our customers and other stakeholders and to take whatever action may be necessary to protect their interests.”
