Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Standard Life Investments CEO Says FTSE 100 Index Set for Record

March 7 (Bloomberg) -- The FTSE 100 Index is set to follow U.S. stocks to a record after its best start to a year since 1998, according to Edinburgh’s largest money manager.

“Equities have had a very strong start to the year and I think the level is sustainable,” Keith Skeoch, chief executive officer of Standard Life Investments, said on a conference call with reporters today. “The FTSE will break its all-time record within the next 12 months. The timing is very uncertain.”

The U.K. benchmark has risen 9.3 percent this year and is 7 percent below its high of Dec. 31, 1999. The index has gained less this year than those in France, Germany, Japan and the U.S., where the Dow Jones Industrial Average yesterday reached a record, surpassing its previous peak of Oct. 9, 2007. Equity benchmarks in the 45 largest markets are an average 27 percent below their peaks, data compiled by Bloomberg show.

Skeoch was speaking after Standard Life Investments posted a 15 percent increase in earnings before interest and tax last year as external customers added money at a faster rate.

Earnings rose to 145 million pounds ($217.7 million) from 126 million pounds a year earlier, insurance parent Standard Life Plc said in a statement today. Funds under management rose 8 percent to 167.7 billion pounds as third-party net inflows accelerated 42 percent to 6.1 billion pounds.

External clients now account for 49 percent of assets, or 83 billion pounds, up from 46 percent at the end of 2011. Most inflows came into multiasset and bond products, with smaller flows into equities and real estate, Skeoch said.

To contact the reporter on this story: Peter Woodifield in Edinburgh at

To contact the editor responsible for this story: Douglas Lytle at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.