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Standard Life plc - Annual Report and Accounts 2007
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Investment management - Overview

Standard Life Investments delivered a record performance in 2007 by successfully pursuing its strategy of increasing third party assets. Standard Life Investments achieved strong sales of UK Equities, Bonds and Property through both Institutional and Retail channels. The business also continued to build its capabilities in Global property, Global equities and Absolute return strategies, which are key to its future growth strategy.





Key performance indicators 2007 2006 Movement
Third party funds under management £47.7bn £38.5bn 24%
Total funds under management £143.4bn £132.1bn 9%
Third party gross new business £11.3bn £9.0bn 26%
Third party net new business £7.9bn £6.4bn 23%
IFRS profit before tax* £100m £70m 43%
IFRS underlying profit before tax* £83m £70m 19%
EBIT* £75m £65m 15%
EBIT margin* 30% 28% 2% points

Strong performance despite volatile market conditionsStrong third party sales - demonstrating good investment performanceIncreased IFRS underlying profit before tax by 19% - reflecting growth in third party business and tight management of costs

* 2006 is shown on a pro forma basis.

The investment management result for all periods includes the profits of other general insurance operations which are managed by our investment management business. In previous periods all general insurance was included in healthcare and general insurance.

Please refer to the basis of preparation section in the business review and the glossary.