Investor Relations Newsletter Summer 2018

Investor Relations contacts “Hello and welcome to the Summer 2018 edition of our Investor Relations Newsletter. The last quarter has seen several important developments, Jakub Rosochowski including the acceleration of our share buyback programme, the IPO of HDFC AMC and Investor Relations Director shareholder approval for the sale of our insurance business (SLAL) to . You can read a summary of the sale of SLAL and our enhanced relationship with Tel: +44 (0)131 245 8028* Mobile: +44 (0)751 529 8608* Phoenix in this newsletter. This includes the development of a Private Markets fund Email: [email protected] financing investment solution for Phoenix – the first of its type in European insurance. Neil Longair “We also published our half year results 2018, where we reported resilient AUMA of Investor Relations Manager £610.1bn. While net outflows remain a challenge in a tough market, these are concentrated in a narrow range of strategies and our gross inflows are returning to pre- Tel: +44 (0)131 245 6466* Mobile: +44 (0)771 135 7595* merger levels. Email: [email protected]

“In the first half of the year we increased the pace of innovation in “new active” Chris Stewart investment solutions with the launch of 20 new funds, compared to 22 for the whole of Investor Relations Analyst 2017. This includes developments in Smaller Companies and Sustainable Investing, and we highlight two of our new launches in this newsletter. Tel: +44 (0)131 245 2176* Mobile: +44 (0)752 514 9377* “We also highlight key facts about Heng An , our life joint venture in China, Email: [email protected] and provide an overview of the IPO of HDFC AMC.” Jill McCabe Investor Relations Consultant Half year results 2018 Tel: +44 (0)131 245 6800* Mobile: +44 (0)752 573 2147* Email: [email protected] Press Presentation Data Report Presentation *Calls may be monitored and/or recorded to release transcript pack protect both you and us and help with our training. Call charges will vary.

Addresses This quarter’s features … Standard Life Aberdeen plc 6 St Andrew Square Completing the transformation to a capital light EH2 2AH investment company Web: www.standardlifeaberdeen.com The proposed sale of our UK and European insurance operations @SLA_plc and enhanced strategic partnership with Phoenix Group. Private Markets fund financing Upcoming events An innovative new investment solution co-created with Phoenix – 12 September 2018 Global Financials Conference, the first strategy of its type in the European insurance sector. New York (Keith Skeoch and Bill Rattray) Expanding our range of sustainable investments 25 September 2018 Bank of America Merrill Lynch, Annual The launch of the UK Equity Impact Employment Opportunities Financials CEO Conference, London Fund, developed in collaboration with The Big Issue. (Keith Skeoch and Bill Rattray) 26 September 2018 Seeking the larger companies of tomorrow – today Bernstein Strategic Decisions Conference, Our smaller companies range, strengthened through the merger London (Keith Skeoch) and the launch of a Global Smaller Companies SICAV. 14 November 2018 UBS European Conference, London Successful IPO of HDFC AMC (Rod Paris) The sale of 7.95ppts of our stake in HDFC AMC raising net 21 November 2018 proceeds of c£180m. Combined with HDFC Life, the current listed J.P. Morgan Cazenove Best of British value of our Indian associates is c£4.4bn. Conference, London (Martin Gilbert) Our Chinese life joint venture Key facts about Heng An Standard Life. Financial calendar 5 September 2018 Latest press releases Interim dividend 2018 – last date for DRIP Round up of our latest media releases including development plans for our Wrap elections and Elevate adviser platforms and the acquisition of Hark Capital. 25 September 2018 Interim dividend 2018 payment date

Important notice: The material within this newsletter, including the web articles, is for informational purposes only and does not constitute an offer to sell, or solicitation of an offer to purchase any security, nor does it constitute investment advice or an endorsement with respect to any investment vehicle. Investor Relations Newsletter Summer 2018

Completing the transformation to a capital light investment company

• Sale of insurance business to Phoenix Group completes transformation • Attractive financial terms with total consideration of £3.30bn1 allowing return of capital to shareholders of up to £1.75bn2 • Retained fast growing retail platforms and financial advice businesses

Completing the transformation to a receive total consideration of £3.30bn1, have one of the strongest balance sheets capital light investment company comprising cash consideration of £2.28bn1 in the sector, including listed investments and a c19.99% shareholding in Phoenix. in India with a current combined listed On 23 February we announced the value of c£4.4bn3. proposed sale of our UK and European This allows us to return2 up to £1.75bn of insurance operations to Phoenix Group capital to shareholders, which is c18%3 of Retained fast growing retail platforms completing our transformation to a capital our market capitalisation. This consists of: and advice business light business. • £1.0bn to be returned by way of a The transaction involves the sale of This journey began with Standard Life’s B Share Scheme and Share Capital Standard Life Assurance Limited (SLAL) demutualisation in 2006 and was consolidation while we will retain the core of the UK continued through the sale of Standard • Up to £750m through a Share Buyback Retail channel, including: Life Bank and Standard Life Healthcare in Programme • Our fast-growing UK adviser platforms, 2010, the disposal of Standard Life’s Acceleration of Share Buyback Wrap and Elevate Canadian businesses in 2014 and the Programme • Our financial advice business, 1825 transformational merger with Aberdeen Asset Management in 2017. An initial £175m tranche of the Share Our retained platform and financial advice Buyback Programme commenced on 9 business has seen strong growth in recent Proposed return to equity shareholders August 2018, with the B Share Scheme years with our platform AUA4 now in The proposed sale was approved by and Share Capital Consolidation to be excess of £61bn. shareholders on 25 June 2018 and, executed soon after completion of the Our platforms lead the advised platform subject to certain regulatory approvals, we transaction. market, with the highest gross and net expect the transaction to complete in Q3 One of the strongest balance sheets in flows in 2017, and we attracted strong net 2018. the sector inflows of £3.1bn in H1 2018, representing The sale realises attractive value for an annualised 11% of opening assets. Following the return of capital we will still shareholders. On completion we will

Standard Life Aberdeen timeline

Transforming to a well-diversified capital light fee-based investment company

1825 1990s 1998 2006 2010 2014 2015 2017 2018 Standard Life Europe’s Standard Demutualised and Sold SL Bank Acquired Sold Merger to Sale of capital- founded largest mutual Life listed on the Sold SL Healthcare Ignis Asset Canadian create Standard intensive life insurance Investments London Management businesses Life Aberdeen insurance company established Exchange business

Acquired the UK Acquired parts Aberdeen and US institutional of Credit Acquired Scottish Enhanced Asset Listed on the businesses of Suisse Widows Merger to strategic Management London Stock Deutsche Asset Global Investment create Standard partnership with founded Exchange Management Investors Partnership Life Aberdeen Phoenix Group 1983 1991 2005 2009 2014 2017 2018

Building out global distribution and broadening and deepening investment capabilities to meet client needs

1. Inclusive of a £312m dividend paid by Standard Life Assurance Limited to Standard Life Aberdeen in March 2018. 2. Subject to regulatory approval. 3. As at 24 August 2018. 4. Includes Wrap, Elevate and Parrmenion Investor Relations Newsletter Summer 2018

Highly scalable platforms with Sustained growth in retail platforms operational leverage 4 Strong growth in AUA 4 Our platforms are highly scalable, with a Retail platform profitability clear path to growing profitability. This was £70bn demonstrated in H1 2018, with adjusted £61bn £58bn H1 2017 H1 2018 Change profit before tax growing 17% to £14m, and the cost/income ratio reducing to 82% from £47bn Revenue £69m £79m +14% 88% in FY 2017. Acq’n of Elevate We have also retained 1825, our financial £11bn Adjusted PBT £12m £14m +17% advice business, which continues to build £27bn £22bn

scale as we aim for national UK coverage. AUA Platform Following the completion of two FY 2017 H1 2018 Change acquisitions this year, we now have 80 financial planners providing advice to in Cost/income ratio 88% 82% -6ppt £0bn excess of 9,000 clients, with assets under 2014 2015 2016 2017 H1 2018 advice of £4.3bn. Enhanced long-term strategic partnership and valuable stake in Phoenix Group A mutually beneficial partnership …

As part of the transaction we will enter into Standard Life Aberdeen (SLA.LN) Phoenix Group (PHNX.LN) an enhanced strategic partnership with Phoenix, providing us with an additional World-class investment company Pre-eminent consolidator of closed life and source of earnings, dividends and AUM Leading investment manager of insurance pension funds with growth. This is reinforced through our assets £240bn6 in AUA c19.99% stake in Phoenix and two seats • c19.99% stake in Phoenix and two seats5 on • Source of current and future AUM (right of on the Phoenix board. Our strengthened Phoenix Board first refusal on Phoenix assets acquired in future transactions)7 partnership, includes the following key • Ongoing support to fuel Phoenix back-book benefits: consolidation activity • Reviewing £7bn of existing Phoenix investment mandates not currently • Ongoing source of pension flows from • Security over the AUM which ASI managed by ASI Platforms and Workplace distribution currently manages for Phoenix and • Marketing access to c10 million6 SLAL customers8 and provision of administration • Enhanced AUM growth opportunities services and risk capital • A mutually beneficial partnership which will see both parties playing to their strengths • Predictable, long-term cash generation, … already working well in practice helping to support our progressive dividend policy Further growth opportunities Collaboration example Consolidation of UK closed life Phoenix have committed to review £7bn of insurance books, with ASI becoming investment mandates not currently managed by the asset manager of choice for ASI Phoenix

Increased opportunities for Phoenix in Phoenix’s foothold in Europe increases their Europe through the acquisition of market size by c£160bn to £540bn9 Click to view Standard Life Germany and Ireland our investor presentation Phoenix’s entrance into the bulk Phoenix secured their first bulk purchase annuity annuity market deal earlier this year – a £470m transaction with the Trustee of the Marks and Spencer Pension Scheme. ASI has secured the of these assets.

Marketing access to c10 million6 retail Includes offering financial advice services Click to read customers8 through 1825 to non-advised customers and the the transaction development of our D2C capabilities. Potential circular to increase the customer base should Phoenix acquire further books of business

5. For so long as Standard Life Aberdeen’s shareholding is Phoenix is at least 15%. 6. Following the completion of the transaction. 7. This right is subject to the satisfaction of certain commercial conditions, including capability and fee levels, and to certain applicable governance processes. 8. Wherever permissible under applicable law and contractual arrangements, and subject to the receipt of customer consent where required. 9. Source: Phoenix Group analyst and investor presentation 23 February 2018. Investor Relations Newsletter Summer 2018

Pioneering Private Markets fund financing solution for insurers

• Innovative new investment strategy for insurers targeting a $400bn market • Launched in close collaboration with Phoenix and drawing on the combined expertise of the merged Aberdeen Standard Investments business • Example of “new active” capabilities attracting a premium revenue margin

An innovative solution for insurance clients distributed back to the investors. A further example of our strong relationship Why may private equity funds look for with Phoenix and product innovation, is the additional financing? new private markets fund financing solution. Fund Financing facilities are simply overdraft Ian Shanks The strategy invests in investment grade, short facilities provided to the Funds by banks during duration loans to private equity funds in the the Investment stage. There are a number of Senior Investment earlier years of their life. It is targeted at operational as well as financial reasons why Manger, Private Markets insurance clients looking to achieve a better these facilities may be beneficial to both return on their assets while maintaining a low investors and the manager of the fund during Ian is a founder of the level of credit risk. The solution has initially this stage, including: been funded with over £500m. fund financing strategy in • Providing greater clarity on the timing of the banking market from Typical private markets funds cash profile cash calls to help investors manage their his time at Bank of Binding commitments own cash flows Scotland, where he built a Funds that invest in private markets tend to • Cash calls can be consolidated/batched to business in excess of £10 ask investors in the fund to make binding avoid drawing down on investors too often billion across more than 50 commitments of capital for a period of 10 to 12 • To improve the rate of return (IRR) of the deals. years. Generally no cash changes hands at fund by providing debt financing at a lower this time. required rate of return than on equity contributions. Investment stage During the investment stage, which typically This demand is so great that the global market lasts 4 to 5 years, the fund manager will seek for private equity fund financing is estimated at to buy assets for the fund and ask the c$400bn. Similar solutions could also be investors to contribute cash in the fund in line deployed to meet the demand of real estate with previously made commitment obligations. and infrastructure funds. Growth stage Entering a market dominated by banks During the growth stage, the underlying assets are held and managed to hopefully deliver an The private market fund financing market is increase in value. dominated by banks. Given the large size of the financing facilities a lead bank typically Realisation stage syndicates (sells down) the facility across a During the realisation stage, the assets are number of other banks to reduce their risk sold (hopefully at a profit) and the proceeds exposure.

Net cash flow and NAV profile on a £1bn fund size What are private £1,000m Growth stage markets funds? £750m Private markets funds £500m Binding invest in unlisted commitments investments such as: £250m

£m £0m • Shares of unlisted Start 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 companies (£250m) Realisation stage • Unlisted debt (£500m) • Real estate • Infrastructure assets (£750m) Investment stage such as roads or trains Generic NAV profile Contributions Distributions Net cash flow after fees and carry Investor Relations Newsletter Summer 2018

However given that other banks represent allow them to earn a higher level of o We have created our own credit direct competitors, lead banks are interest while retaining a low level of risk. rating methodology which has been increasingly looking for non-banking discussed with the Prudential Fund financing represents a good partners they can work with such as asset Regulatory Authority (PRA). investment opportunity for insurers managers and insurance companies. Further opportunities in European The strategy is well suited to an insurer’s Creating an investment solution for insurance financial objectives and Solvency II our insurance clients capital requirements as it has: We expect there to be further Insurance clients are looking for higher opportunities for distribution of this • A return of c150bps over cash yielding (interest earning) assets strategy, leveraging the development • Short duration – individual loans are of our credit rating model and our The introduction of Solvency II insurance for a period of 1 to 3 years existing relationships with other regulations forced many insurance • Low credit risk: European insurers who also de-risked companies including Phoenix to hold o Loans are secured on their balance sheets ahead of the much more of their assets invested in commitments of investors in the introduction of Solvency II. cash rather than higher yielding funds (typically blue chip clients alternatives such as government bonds. including pension schemes and As well as the potential sales Sovereign Wealth Funds) opportunity, the strategy is also Following the bedding in of Solvency II o Further security is provided by the revenue margin enhancing for ASI insurers are now looking to invest this value of the investments in the fund compared to cash/short duration funds. cash into alternative assets which would

Fund financing structure Borrowers – Private equity funds Lenders

Bank 1 (lead bank – arranges Potential future Fund financing facility 1 facilities and syndicates investors amongst other lenders)

Phoenix Fund financing facility 2 Bank 2, Bank 3, Bank 4 … (investor)

ASI Fund financing facility 3 ASI fund financing strategy (fund manager)

Continued close collaboration with Phoenix and across ASI Building a new credit rating model for partnership. It is also testament to the use under Solvency II success of the merger and the broader capabilities we are able to offer clients. In order to include the strategy as part of Within ASI, the solution was delivered by Phoenix’s internal Solvency II model, ASI a project team of around 30 individuals developed a new credit rating model for encompassing skills across: the solution. This involved rating each of the underlying private equity funds, an • Credit – developing the credit risk model assessment typically too “niche” for the • Hedging – as the financing is typically credit ratings agencies. denominated in euros or US dollars • Liquidity – switching over £500m of This model forms part of Phoenix’s Neo Mooki existing liquid investments to the fund Solvency II internal model. While this is financing facilities the first time this strategy has been used Investment Director • Private equity – leveraging our existing in insurance, it is more common in the scale in the space to demonstrate Neo is a senior relationship banking sector. credibility to banking partners director who works closely with Drawing on expertise across the • Distribution – our relationship with our strategic insurance merged ASI business Phoenix as well as banking partners partners to deliver insurance • Operations in managing liquid and Developing this strategy involved a solutions. Neo led the delivery illiquid assets within the same mandate significant amount of collaboration with of the fund financing solution Phoenix and across ASI. It is a great The strategy demonstrates the benefits of within ASI and in close example of ASI’s growing success at our merger, as it could not have been collaboration with Phoenix. collaborating with clients on learning and developed without Standard Life’s existing idea generation, building on established relationship with Phoenix and Aberdeen’s trust and truly embracing a strategic previous expertise in fund financing. Investor Relations Newsletter Summer 2018

Expanding our range of sustainability-driven investments

Collaborating with Big Issue Invest to promote and implement good employment expand our range of ethical investments opportunities and practices. Generally, companies will have more than 50% of their Aberdeen Standard Investments has recently employees in the UK. Creating good launched the UK Equity Impact Employment employment opportunities is one of the most Opportunities Fund in collaboration with Big significant benefits business brings to society, Issue Invest, the social investment arm of The with human capital management moving centre Big Issue. This follows the launch of our first stage in corporate strategy. Investment in skills ‘’ product in Q4 2017, the and attracting talent has become a basis for Global Equity Impact Fund, and further competitiveness, productivity and growth. expands our sustainable investments range which includes, among others, the Ethical The impact criteria will include companies World Equity Fund, UK and European Ethical paying above average wage rates, being Euan Stirling Equity Funds and the Ethical Corporate Bond located in deprived areas, offering training Fund. opportunities or employing young people with Head of Stewardship and the majority of those being in the UK. ESG Investing We expect the fund to be attractive to the UK wholesale market, particularly through D2C platforms, as well as to Charities and Foundations in the institutional market. An actively managed fund with a rigorous impact assessment framework This builds on further recent momentum in sustainable investments including: The fund will be actively managed, allowing analysts and the manager to engage with • Partnering with The Pensions Management companies, scrutinising their ability to deliver Institute as their ESG insight partner financial returns and ensuring that the identified • Securing a c£0.5bn UK Equity mandate from employment impact remains a significant part of an existing UK pension client due to the the strategy and aims. strength of our ESG processes • A major US broker adding our Total Return The Good Economy Partnership, a social Bond and Global High Yield funds to their advisory and data analytics firm specialising in Socially Conscious list for advisers. measuring social impacts, has been Click here to read our Q2 commissioned by Big Issue Invest to assist in Investing in companies which promote and 2018 Global ESG developing the impact assessment framework implement good employment opportunities Investment Report that is being applied across the fund’s investment universe. The fund aims to generate financial return over the long-term by investing in companies which

20% . Big Issue Invest’s share of fund revenue, helping it in its mission to “dismantle poverty and create opportunity for people and communities across the Click here to learn more about Impact Investing UK” Investor Relations Newsletter Summer 2018

Seeking the larger companies of tomorrow – today

• Smaller companies offer a compelling investment opportunity, with structural tailwinds InFocus: Click on the images below to • We have a strong range of capabilities, further enhanced through our merger learn more about our UK, European and Global smaller • Range commands a price premium over ‘core’ equity funds due to specialist companies funds nature Aberdeen Standard Investments manages 2000, global smaller companies have £557bn of assets on behalf of clients and outperformed larger peers by an average of customers, including £144bn of assets across 5% per annum. a full range of equity capabilities across the Although smaller companies tend to be less risk/return spectrum. complex, they provide an opportunity for active This includes our suite of smaller companies asset managers to outperform. The average funds where we have one of the strongest smaller company is covered by only 7 franchises in the industry. investment analysts, compared to 23 for larger companies, and therefore has a greater Strong range enhanced through merger chance of being mispriced. This range has benefited from the complementary nature of our merger, with Click here to learn more about Smaller Companies investing Standard Life’s strength in UK, European and Global smaller companies complemented by Aberdeen’s success in US, Japanese, Asia Pacific and Emerging Markets smaller companies. Earlier this year, our offering was strengthened further with the launch of a SICAV version of our well established Global Smaller Companies OEIC, which has doubled in size in Premium price for a premium product 12 months to over £1.2bn in AUM. Smaller companies are an example of a “new Smaller companies offer a compelling active” speciality, a product which is difficult to investment opportunity commoditise or replicate in a passive fund given their specialist nature. Smaller companies benefit from structural, long-term tailwinds and have a proven track As a result, our smaller companies strategies record of delivering strong risk-adjusted attract a price premium of 10 to 20 over returns above those of larger-cap peers. Since our ‘core’ equity strategies.

Enhanced range of smaller companies capabilities

UK small cap

European US small cap small cap Japanese small cap Global small cap

APAC ex-Japan small cap Emerging markets small cap

Australian small cap Investor Relations Newsletter Summer 2018

Successful IPO of HDFC AMC completed

• Sale of 7.95ppts of our stake with net proceeds of c£180m • Combined value of our stakes in our Indian associates is c£4.4bn1 • HDFC AMC is India’s leading asset manager with strong growth in Q1 20192

Sale of 7.95ppts of our stake It has a market share of 13.1%, and has maintained this share during its strong growth On 6 August 2018, HDFC AMC successfully over the last 5 years. completed its IPO and listed on the National Stock Exchange of India and the Bombay Profits have also grown strongly over this Stock Exchange. period, with our share of adjusted profit before tax increasing from £22m in 2013 to £41m in James Aird Through the IPO, we sold 7.95ppt of our stake 2017. for a total consideration of approximately Co-Head of Corporate £180m, net of tax and expenses. £4.5bn market cap1, up 72% since listing3 Development 2,000 450 bn) HDFC AMC market cap (Rs Standard Life Aberdeen Indian listed investments worth c£4.4bn 1,500 Our remaining stake in HDFC AMC is 30.03%, 300 which is required to reduce to 24.99% by August 2021 to create the necessary free float 1,000 Ticker: HDFCAMC:IN of 25% under Indian listing regulations. 150 c£180m 500 . The shares listed at the top of the IPO range at HDFC AMC HDFC AMC share price (Rs) Total consideration 1,100Rs per share and performed strongly on 0 0 received through the IPO their first day of trading, increasing by 65%. (net of tax and expenses) The market valuation of HDFC AMC is Share price Market cap currently £4.5bn1, with our stake valued at 2 £1.3bn. Combined with the current market Delivering strong growth in Q1 2019 valuation of our stake in HDFC Life, which This strong growth profile was reaffirmed in successfully listed last year, the combined HDFC AMC’s Q1 2019 results (to 30 June value of our stakes in associate businesses in 2018) which were released on 21 August. The 1 Strong growth in AUM India is approximately £4.4bn . results showed revenue, AUM and profit before tax all increasing by more than 20% 3,500 India’s leading asset manager 3,011 year-on-year. HDFC AMC is India’s leading asset manager, Click to view with AUM of £33bn at 30 June 2018 having HDFC AMC’s Q1 2019 results 3 1,506 doubled since 31 March 2015 . HDFC AMC AUM (Rs) AUM AMC HDFC 0 Mar Mar Mar Mar June 2015 2016 2017 2018 2018 c£4.4bn . Combined value of our stakes in our Indian associate businesses1 HDFC AMC executives at the opening of the National Stock Exchange of India on 6 August 2018

1. As at 24 August 2018. 2. Financial year for HDFC AMC finishes on 31 March. 3. In constant currency. Investor Relations Newsletter Summer 2018

Our Chinese life Joint Venture

Heng An Standard Life (HASL) Continued improvement in profits SLA share of adjusted profit before tax Established 2003 Tianjin Economic Development Area JV partner (TEDA) £10m £10m Employees Over 1,200 £7m £4m £2m High quality tied agency sales force Distribution across 64 cities and 8 provinces (£7m) (£9m) Customers Over 20m customers insured Latest capital February 2014 injection 2012 2013 2014 2015 2016 2017 H1 2018

50% owned – maximum permitted High quality tied sales agents are Broad product set for foreign JV main distribution channel Other IFA 9% TEDA 14% Health insurance 50% 25% Bancassurance New Total HASL 8% business premium ownership premiums income Standard Life Annuities Tied agents Aberdeen 38% Endowment 78% 50% 28%

Well positioned in the world’s third largest Transfer of Hong Kong business insurance market • In March 2017, we announced the proposed sale of our • Chinese insurance market has grown rapidly to become the wholly-owned Hong Kong business to Heng An SL third largest in the world (subject to regulatory and other approvals) • Life insurance industry premiums grew by 21% in 2017 but • Creates a stronger, single base entity to service the wider market remains under-penetrated versus global peers1 China region • HASL new business premiums2 grew by 34% in 2017 • Enhances HASL’s skills and services while improving the distribution model and range of products of our Hong • Application submitted to the China Bank and Insurance Kong business Regulatory Commission for a new pension insurance company licence

China is underinsured compared to global peers1 Continued strong growth in sales New business premiums RMB m2

Insurance penetration3 (%) $7,500 Insurance density (US$) 18.0%

669 498 358 265 300 $0 0.0% 2013 2014 2015 2016 2017

1. Source: Swiss Re, Sigma 2017. 2. Weighted earned premium. 3. Life insurance premiums as percentage of GDP. Press release Press release RNS RNS Press release Press release Investor Relations Newsletter Read more QuantitativeInvestment Investment TechnologyTrust Strategies and team MitsubishiUFJ Institute. potentialIntelligence return.TheArtificial the productcollaborationGlobal Equity a SICAV, of is between our Aberdeenl Standard Investmentshas 21 August 2018 Artificial Global EquityIntelligence fund Investments launches Standard Aberdeen Investments Standard Aberdeen Read more beta approach,measures enhance theindices employactive to differentiation and risk-adjustedreturns. excess Betasophisticated more SMARTER multifactor equity indices. Designedaccess toa provide investors smart to AberdeenStandard Investmentshas 2018 18 July The time is RIPE forBeta SMARTER Investments Standard Aberdeen Read more st those strategiesis within factors outlinedESG but integrationamong thatthe of investors beta andESG prominencesmart growing of Aberdeen Standard new studyfrom In A 2018 30 July New study outlines development of ESG insmart beta strategies Investments Standard Aberdeen Read more and Bombay StockExchange The on theNationallisted StockExchangeIndiaThe CompanynotesAMC of Limited Augustthat 6 2018,on HDFC 6 August 2018 Listing of HDFC Asset Management Company Limited plc Aberdeen Life Standard Read more consideration£175m. of maximum a shares upto The Companyan August 2018 9 Share repurchaseprogramme plc Aberdeen Life Standard Read more responsiblemanaging for long-termgrowth strategythebusiness.the HongKong a for teamanddriving AberdeenStandard Investmentsannounc August 2018 9 Aberdeen Standard Investments appoints Head of Hong Kong Investments Standard Aberdeen nounces that it nounces that ill relatively under developed. will commence an initial share repurchase programme the Company’sordinary commence aninitial of will Limited following Public Offer. completion the Initial of announced the launch of its first range proprietary and of exclusive first announced the launchofits aunched a new fund that utilises machi fund thatutilises new aunched a etet,Ssanltc and the Univ vestments, Sustainalytics es the appointment of David Lam as Head of Hong Kong. David will be will Head ofHong Kong.David as Lam es David the appointmentof

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rst onshore private fund Summer 2018 ed specialist the acquisitionof to-end experience the platforms to-end experiencethe in China andsuccessfully in