Standard Life assets up a fifth

Standard Life Investments, the fund management arm of the Edinburgh-based mutual life company, has boosted third-party assets under management by 20% to £18.3bn (€26.4bn) in just over a year.

The growth came in UK institutional investment business between November 15, 2003 and December 31, 2004. However, UK retail life and pensions sales fell from £957m to £939m in the same period.

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