Standard Life sees operating profit rise by 65 per cent

Standard Life, the long term savings and investment business, has seen its UK operating profits rise more than expected as they climbed 65 per cent to £900m for 2012. An operating profit of £853m was anticipated.

The business stands to benefit from changes that will see workers automatically enrolled into company retirement schemes.

Chief executive David Nish said:

Standard Life has delivered a substantial increase in profitability and has a strong capital position supporting increased dividends to our shareholders.

Standard Life's shares rose over by 60 per cent over 2012:

(Source: Yahoo! Finance)