Asset Management

Standard Life Aberdeen says only ‘modest’ hit from pandemic

In pre-AGM statement, asset manager updates market on £24bn of net outflows for 2020, but says this was due to a long-planned contract withdrawal

Standard Life Aberdeen said on 12 May that the services it provides have suffered a minimal hit during the pandemic, noting that its assets under management have decreased as at 30 April.

The investment company had assets under management and administration of £490bn ($605.8bn), noting that estimated net outflows in the first four months of 2020 were £24bn.

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