Standard Life posted workplace net inflows of £5.3bn for 2025, the same amount as the financial year for 2024.
In its report covering 2025 results, the insurer also showed new workplace members up were up 14 per cent in 2025 to 247,000, with total workplace customers at Standard Life now at 3m.
In addition, £1.2bn of individual annuity premiums were written in 2025 (FY 2024: £1bn) and market share increased to 15 per cent.
However, there was £3.9bn of pension risk transfer volumes written in 2025 (FY 2024: £5.1bn). This result comes as part of a weaker marketplace with more competition, as Aviva also showed a 41 per cent drop in PRT volumes in 2025.
Andy Briggs, chief executive of Standard Life, says: “Our workplace business is a structurally growing market, and the investment we’ve made in our offer in recent years is paying off. New business and retention remained strong.”
Briggs also described the upcoming report from the Pensions Commission as a “once in a generation” opportunity to tackle current levels of under-saving and help engagement with the financial futures of British workers.