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Scottish Life sales up 22 per cent

Scottish Life new business sales were up 22 per cent EPI for the first half of 2001 to £59.1m from £48.4m.

Total pension sales were up 30 per cent £56.7m from £43.6m EPI and employer-based new business grew by 40 per cent to £34.1m from £24.2m.

Group pensions increased 17 per cent to £16.8m from £14.3m EPI. Group personal pensions rocketed by 70 per cent to £17.2m from £10.1m EPI. Individual pensions were up 18 per cent to £22.7m from £19.2m EPI.

ScotLife has now transferred its business to Royal London after it was bought in a £1.1bn deal last year. ScotLife is now the IFA marketing division of Royal London.

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