Outflows continue at Standard Life Aberdeen
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Assets under management and administration (AUMA) continued to fall at Edinburgh-based financial giant Standard Life Aberdeen in the first half of the year, with operating income lower as a result.
This was partially offset by reduced operating expenses, although adjusted profit before tax still fell 8.3 per cent to £478m.
SLA announced an interim dividend of 7.3p per share, up 4.3 per cent. It’s also due to start repurchasing £175m of shares in the coming days, as a £1.75bn capital return scheme kicks off.
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