Standard Life is expected to reveal that investors have pulled more than £5.5bn of funds from its investment business ahead of its merger with Aberdeen Asset Management.
The FTSE 100 insurer is tipped to show the sharp decline in investment assets alongside its first-half results on Tuesday.
Money managers have faced increasing volatility in the past year, with many suffering brutal outflows as investors rush for safety after Britain’s vote to quit the European Union.
Standard Life’s flagship £23bn Global Absolute Return Strategies Fund is expected to bear the brunt of the outflows, after a period of under-performance.
Across the group, Standard Life is expected to report first-half profits of more than £350m, a marginal increase on last year’s figures.
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It is also expected to pay a 6.99p dividend, an 8% increase on the payout for the first half of 2016.
However, the expected fund outflows have prompted analysts to trim their full-year profit forecasts for the former mutual.
Barrier Cornes, an analyst with broker Panmure Gordon, has slashed his full-year profit forecast for Standard Life Investments from £430m to £400m.
Standard Life is scheduled to complete its £11bn merger with Aberdeen Asset Management next Monday.