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Standard Life Aberdeen sees slower exodus and slashes dividend

Standard Life Aberdeen clients pulled more cash from the fund manager in 2020, but at a far slower pace than the previous year.
The offices of Standard Life Aberdeen in Saint Andrew Square Edinburgh, Scotland, Britain February 15, 2019. | Photo: RUSSELL CHEYNE/REUTERS / X02429
The offices of Standard Life Aberdeen in Saint Andrew Square Edinburgh, Scotland, Britain February 15, 2019. | Photo: RUSSELL CHEYNE/REUTERS / X02429
By Benjamin Robertson / BLOOMBERG

Net outflows totaled GBP 29bn (USD 40.2bn) last year, compared with 58.4 billion pounds in 2019, according to an earnings statement on Tuesday. Withdrawals were tempered by buoyant markets, with assets under management dropping slightly from a year earlier to GBP 534.6bn.

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