Standard Life Investments' success in securing new UK institutional business helped boost assets under management by 15.5% or £11.6bn (€14bn), in the 12 months to November 2003.

The Scottish-based investment house won £1.5bn of new UK institutional mandates, up by nearly a quarter from the £1.2bn last year. Worldwide investment sales totalled £3.3bn for the year, almost equalling last year's record levels of £3.4bn. Total assets stood at £86.5bn by November.