Standard Life Aberdeen profits dip as clients withdraw £52bn in six months

Pedro Gonçalves
clock • 2 min read

Standard Life Aberdeen recorded outflows of £52.4bn in the first six months of this year, with the company registering an adjusted pre-tax profit of £280m in the period to 30 June, a 10% drop from £311m for the first half of last year. Inflows of £36.5bn were swamped by outflows of £52.4bn as customers defected in the wake of poor performances in global equities, emerging markets and Asia Pacific. Outflows from its flagship Gars fund continued to rise in the first six months of 2019, hitting £6.1bn despite a recovery in performance.   Still, net outflow was down on the previous two...

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