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)