Aberdeen Asset Management, a sponsor of the Institute of Financial Planning, has seen pre-tax profits increase by 14 per cent according to its interim results.

Today’s results for the six months to 31 March saw pre-tax profits for the firm of £162.2m.

This was up from £142.8m at the end of March 2011.

Revenue increased by seven per cent from £385.9m in March 2011 to £413.1m in March 2012.

Assets under management increased from £181.2bn to £184.7bn, an increase of nine per cent.

Gross new business inflows were down from £23bn to £18.2bn, while outflows were down from £23.7bn to £18.6bn.

The majority of inflows came from equity products, particularly global emerging, global and Asia Pacific equities.

Martin Gilbert, chief executive of Aberdeen Asset Management, said: “Aberdeen has achieved further growth in revenue and profit in the first half of the year, continuing the momentum of 2010 and 2011.

“Global economic conditions remain uncertain and any recovery is still tentative. Nevertheless, we remain confident that our long term investment philosophy and process, coupled with the scale and diversity of our business and financial strength, leave us well placed to meet the expectations of our investors.”