Standard Life Profit Rises 12% To £339m
Standard Life has reported a 12% rise in its operating profit for the first half of the year.
The insurance and pension group's operating profit before tax rose to £339m as more UK workers were automatically enrolled in company pension schemes.
The group said it expects to add more than 300,000 new auto-enrolled customers this year.
Chief executive, David Nish said: "We have an excellent track record of succeeding in evolving markets and we are well placed to deal with the far-reaching reforms to the savings and retirement income rules, announced earlier this year by the UK Government."
It comes as the Scottish company reiterated its position on the upcoming referendum, saying there is still no clarity on the economic and financial concerns raised by it.
The company, which was one of the first to lay out contingency plans in the case of a 'yes' vote for Scottish independence, said it maintains its position.
In May, Standard Life said it would be prepared to move some of its operations out of Scotland if the nation voted in favour of a split from the United Kingdom.
The company said relocating parts of its business to England in the event of a 'yes' vote would be a measure taken to protect its market position.
Any relocation could put some 5,000 Scottish jobs at risk.