Scottish life has recorded a35 per cent jump in new premiums for the first six months of the year.
This represents an increase in equivalent annual premiums of nearly £20m on the same period of last year. New EAPs for the half year now stand at £75m up from £55.5m in 1998.
Total annual and single premiums were nearly double that of last year at £488.3m up from £250m for 1998.
Scottish Life general manager (sales) Jim Gilchrist says: "We've continued to see a move from regular to single premium contributions with particularly strong performance in the group pensions sector.
"Individual pensions, despite reports of poor trading, have continued to hold their own in EAP terms, while showing a good increase in total new premiums."