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Scottish Life sees increase in pensions business

Scottish Life has announced another strong increase in the amount of pensions business it has carried out in 2002.

New pensions business increased overall by 37 per cent compared to the year before to £77m equivalent premium income.

Individual pensions growth was up 32 per cent at £30m and group pensions increased by 40 per cent to £48m.

Scottish Life sales director Jim Gilchrist says: "2001 was a record year for us in new business terms, so it’s a considerable achievement to have maintained the same rate of progress."

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