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Standard Life plc - Annual Report and Accounts 2007
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Investment management

Overview

The focus at Standard Life Investments is on delivering superior investment performance for all its clients. Standard Life Investments operates as a global team, utilising its 'focus on change' philosophy and investment processes which are robust and repeatable.

Third party FUM: £29.1bn in 05, £38.5bn in 06, £47.7bn in 07

Performance

Despite volatile market conditions IFRS underlying profit before tax was up 19% to £83m. Strong investment performance and effective marketing delivered robust third party net sales of £7.9bn with third party FUM increasing to £47.7bn. This, combined with effective cost control, increased EBIT margin to 30% (2006: 28%).

Looking ahead

In 2008 Standard Life Investments will continue its strategy to diversify sources of revenue through increased sales of its capability in Global equities, Global property and Absolute return strategies. The pipeline for confirmed third party new business is strong, driven substantially by Institutional funds, and Standard Life Investments remain confident of delivering growth in 2008.

View Business segment performance - Investment management for more detail.

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