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ScotLife pension cash-in claims

Scottish Life is claiming it is prepared to cash in on an expected stakeholder pensions led boom following a 37 per cent rise in new premiums last year to £800m.


The performance was driven by a 21 per cent surge in group personal pensions, plus premiums from its international operations nearly doubling last year.


The mutual also reports new single and regular premiums had risen by nearly 400 per cent over four years.


Scottish Life group chief executive Brian Duffin says: “This establishes a strong platform from which we can secure a significant share of the large volumes of new pensions business we expect will be written in the lead-up to the planned stakeholder launch in April 2001 and beyond.”


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