Standard Life posted record net retail inflows of £1.1 billion for the first three months of 2016.
The retail business, which includes Standard Life’s advised platform and pension business, recorded net inflows of £700 million in the same period in 2015.
However, Standard Life’s overall net inflows fell £2 billion from £2.9 billion over the first three months of 2015 to £900 million this year.
Institutional net inflows were £1.5 billion at the beginning of 2016, the highest for Standard Life since the second quarter of 2013.
Standard Life’s wealth management, asset management and European businesses saw combined net outflows of £300 million.
The company’s workplace pension proposition also posted net inflows of £400 million.
The figures were posted ahead of an investor update day.
Source: New Model Adviser