The popularity of GARS helped push SLI’s total third party AUM up 16% to £83bn in 2012.
Total net inflows were £6.1bn, up from £4.4bn in 2011, with 62% of this coming from outside of the UK. SLI said this reflects the growing emergence of its Boston office in US and the strength of its strategic partnerships in Japan and the US.
21% of SLI’s AUM was in alternatives in 2012, split across GARS and its real estate and private equity business. Equities makes up just under a third of its business with more assets (41%) in fixed income.
The strength of SLI helped the Standard Life group’s pre-tax operating profit increase by an impressive 65% to £900m. Group assets under administration grew from £218.1bn, up from £198.4bn in 2011.
Just last week it was announced that Standard Life has acquired Newton Private Clients for around £83.5bn.
