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Standard distribution deals boost life and pension sales

Standard Life says its string of distribution deals is behind a 10 per cent increase in UK life and pension sales for the first six months of this year.

UK life and pension business increased to 459m from 417m last year.

Standard, which says it is on course to demutualise next year, saw a 22 per cent rise in group pension sales from 178m to 217m. The firm emphasises the importance of its distribution alliances with firms such as Barclays, Thinc Destini, National Australia Bank, Lighthouse, Fidelity FundsNetwork and Sesame and its recent minority shareholding in Tenet.

Standard Life Bank profits rose from 6m to 9m but Standard Life Healthcare new business sales fell to 11m from 17m.


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Fundsdirect founder Ewing set to float hedge fund firm

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‘Financial education should target young rather than adults’

A Government report is calling for finance to be embedded in school curriculum subjects but has ruled out the need for an urgent financial education programme for adults. According to a review conducted by Ecotec Research and Consulting on behalf of the Department for Work and Pensions, the non-compulsory status of financial education means that […]

Landlords are not calling time

New investors in the buy-to-let sector have halved in the past year, according to figures released by Mortgage Trust, but brokers say established landlords are ensuring that the market remains fluid.


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