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Scot Prov&#39s new business up 19 per cent

Scottish Provident UK new business figures are up 19 per cent on 1997.

Annualised premiums rose to £69m from £58m in 1997. Worldwide business was up by 32 per cent to £153m from £116m in 1997.

The life office believes the figures reinforce its commitment to remaining mutual.

Group managing director David Woods says: &#34Scottish Provident UK&#39s focus on protection products has been remarkably but deservedly successful and continues to make an enormous contribution to the overall success of the group.

&#34Our profitable new business growth demonstrates that mutual which have developed a clear strategy can achieve success in their chosen markets.&#34


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