Standard Life hit by market weakness

The financial market weakness of recent weeks has already begun to hurt Standard Life (SL.). The life assurer reported that net fund inflows had fallen to nothing during the third quarter. However, helped by March's acquisition of Ignis Asset Management, total assets under management have risen 35 per cent in the year to date to £290bn. In fact, total net inflows in the first two quarters amounted to £4.3bn.