This represented an increase of 20 per cent to £254m on an annual premium equivalent basis from £211m in 2006.
Total funds under management were up by 19 per cent at £38bn from £32bn.
New business sales for Skandia Life were up by 12 per cent at £103m on an APE basis, driven primarily by high single-premium pension sales, trustee investment business, and Sipps.
Skandia says it continues to see significant new pension business building on high demand created around A-Day last year.
Gross new business sales for Skandia’s fund platform business were up 18 per cent to £667m, driven primarily by increased Isa sales in the run-up to the end of the tax year.
Skandia says it is on track to launch its new Skandia/Selestia fund platform with combined funds under management of over £10bn.
Skandia UK and Offshore chief executive officer Nick Poyntz-Wright says: “These strong results show that we continue to benefit from the evolution within the market away from stand-alone product sales towards the provision of investment solutions where we have a long-standing and compelling proposition.'”Financial advisers hold the key to this evolution and will ultimately define the pace of change.”