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Standard Life plc - Annual Report and Accounts 2007
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Leveraging investment management expertise and performance

Our Investment management business delivered a strong performance despite difficult market conditions. Worldwide third party net new sales increased by 23% from £6.4bn to £7.9bn and total funds under management increased from £132.1bn to £143.4bn, which included an increase in third party funds under management of 24% from £38.5bn to £47.7bn. Strong investment performance and tight management of costs are reflected in the IFRS underlying profit before tax which increased by 19% to £83m in 2007 from £70m in 2006.



Group Chief Executive's statement ... continued