One facet of Standard Life 's (SL.) evolution to asset gatherer rather than plain life insurer is that its assets under management are more exposed to fluctuations in investor sentiment. Standard Life Investments suffered £6.9bn in redemptions in retail investor money during the first half, contributing to net outflows of £0.4bn from this channel.
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The good news was institutional business - larger and typically longer-term mandates - generated net inflows of £2bn. In fact, the business generated its highest quarterly flows during the first three months of the year since the second quarter of 2013. Overall assets under management in its growth channels were up 6 per cent to £138bn.