Johnstone Douglas has announced a record 45 per cent increase in new business for its financial year ending May 31, 1999.
The specialist employee benefit and financial planning consultancy recorded new business sales of £10.2m for the year up from £7m last year.
The firm is confident that the market move towards money purchase pension schemes and the advent of stakeholder will provide it with further opportunity to build on this record year.
Its new business target for the financial year 1999/2000 is £12.5m.
Johnstone Douglas is looking to expand its sales force from 35 registered individuals to 50 by the end of the year.