Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 17th of July 2018
April 28, 2011

Standard Life long-term savings sales up 25%

by Gill Montia

Story link: Standard Life long-term savings sales up 25%

Standard Life long-term savings sales up 25%

Standard Life has reported substantial growth in its long-term savings business, with new business sales up 25% (to £5.8 billion) in the first quarter of 2011, compared with a year earlier.

Furthermore, UK corporate pension net inflows rose 85% during the period, to £559 million, and UK Individual SIPP net inflows were maintained at £553 million, with customer numbers up 6%.

The group also saw international wholly-owned net flows rise 60%, to £449 million.

Commenting on the year so far, chief executive, David Nish, says: “Strong sales across our long-term savings business are evidence that our market-leading products and platforms are performing well.”

He adds: “Our programme of transformation and investment is on track, building our market-leading investment propositions by deploying best-in-class technology, and preparing our business to take full advantage of the fundamental regulatory changes that will take place next year.”

 

News posted:



Related stories to Standard Life long-term savings sales up 25%: