Standard Life Continues Cost Cutting Efforts, Eyes £800m 'Synergies' from Aegon Deal Standard Life's latest results show that the company's cost cutting measures are paying off, with operating profit increasing by 25% year on year to £563 million.
The growth is largely driven by income from pensions and savings, which has seen a significant increase. A closer look at Standard Life's financials reveals that efficiency is playing a crucial role in its success.
The company is on track to meet its three year cost cutting target of £250 million by 2026, with £210 million already saved.