- Standard Life Aberdeen said its assets under management and advice rose by 3% in the March quarter, helped by positive market movements.

Assets under management and advice rose to £568.9bn at the end of March, up from £551.5bn at the end of December.

The benefit of positive market movements was partly offset by a stronger pound, the company said.

Gross inflows were boosted by £3.5bn of assets from Virgin Money, with whom the company was launching a joint venture.

Net outflows continued to be concentrated in a small number of strategies,' Standard Life Aberdeen said.

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