Aberdeen Asset Management's annual profits declined broadly in line with analysts' expectations, as its cetral role in the split capital trust scandal in the UK took its toll on the firm's bottom line.

Aberdeen said profits before tax, goodwill amortisation and exceptionals were down to £40.7m (€63.7m) for the year to September 30, from £48.2m a year ago. Assets under management were down from £25.8bn last year to £23.7bn.