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DBS profits plunge

DBS pre-tax profits plunged 19 per cent for the six months to September 30 to £3.4m compared to the £4.2m figure for the same period last year.


But turnover for the network was up 15 per cent to £89m from £78m.


DBS says a key reason its continued success in the market is the development of its internet trading initiative AssureWeb.


Since July Axa Sun Life, Clerical Medical, Norwich Union, Scottish Equitable and Scottish Life have joined Scottish Provident in delivering live quotations via AssureWeb.

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