Standard Life has reported a rise in assets and profits in its half-year update.
The retirement and tax planning company saw 10% growth in average assets under administration to £217bn from £198bn in the same period in 2025, while adjusted operating profit growth came in at £244m versus £179m.
The firm also note it is ‘accelerating’ its plan to be the UK’s leading retirement savings and income business through the proposed £2bn Aegon UK acquisition, and by expanding its pension risk transfer (PRT) business.
In another nod to the near future, the firm said it is rolling out an inheritance tax (IHT) service ahead of the changes coming next April which will bring pension pots into the net. It also has its targeted support proposition pencilled in for launch around the end of the year.
Chief executive Andy Briggs said: “Our strong half year results reflect how we are helping more customers achieve better outcomes and we remain on track to deliver our 2026 financial targets, while our profitable growth and strong cash generation is increasing our financial flexibility.
“The £2bn acquisition of Aegon UK and our recently announced UK PRT partnership will further strengthen our capabilities and customer offering.
“Our retail business has benefited from a greater take up of our drawdown product and from higher international bond sales.
“As the industry, regulators, and government focus on improving outcomes for savers, Standard Life, a retirement specialist focused entirely on retirement savings and income, is playing its part by supporting reforms around value for money, default scale, and retirement income.”
