Core fee and commission income of 67 million pounds was 5 percent higher than the same period last year, the company said in a statement on Wednesday.

The company said it continued to make progress against its strategic targets, with net external organic funds into its core discretionary service in line with its 5 percent annual target.

"The outlook remains positive as the transformation and growth strategy for the business is implemented," it said in the statement.

(Reporting by Nishant Kumar; editing by Simon Jessop)