(SL-.L) Standard Life PLC Buy/Sell

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(AFX UK Focus) 2009-10-29 07:23 BRIEF-Standard Life 9-month life sales down 15 percent
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LONDON, Oct 29 (Reuters) - British insurer Standard Life Plc: STANDARD LIFE INVESTMENTS THIRD PARTY NET INFLOWS 75% HIGHER AT &POUND;4.3B LIFE AND PENSIONS NET INFLOWS OF &POUND;1.2BN STANDARD LIFE INVESTMENTS TOTAL ASSETS UNDER MANAGEMENT INCREASED BY &POUND;15.3BN `in the third quarter` SIPP ASSETS UNDER ADMINISTRATION 27% HIGHER AT &POUND;11.0BN2 GROUP PENSIONS ASSETS UNDER ADMINISTRATION 19% HIGHER AT &POUND;17.1BN LIFE AND PENSIONS SALES 15% LOWER AT &POUND;10.5BN CONTINUE TO SEE STRONG GROWTH IN OUR INDIVIDUAL SIPP CUSTOMER BASE A NET OUTFLOW OF &POUND;1.1BN (2008: NET OUTFLOW OF &POUND;1.2BN) IN RESPECT OF `pre-demutualisation life products` CLAIMS LEVELS ACROSS OUR UK LIFE AND PENSIONS OPERATIONS REMAIN BROADLY IN `line with assumptions` SAVINGS BALANCES IN OUR BANKING OPERATIONS HAVE INCREASED TO &POUND;5.6BN (31 `December 2008: £5.0BN)` CANADIAN SALES WERE 12% HIGHER IN CONSTANT CURRENCY AT &POUND;1,938M (2008: `£1,562M)` INCREASING OUR ESTIMATED FGD SURPLUS TO &POUND;3.4BN (31 DECEMBER 2008: &POUND;3.3BN WE ARE CONFIDENT IN THE PROSPECTS FOR OUR PENSIONS BUSINESSES AND WRAP `proposition` ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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