View more on these topics

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.

Recommended

New Star Fof homes in on financial fund

New Star’s fund of funds has invested in another New Star fund for the first time, almost doubling its size and further fuelling float speculation. The fund of funds team, led by Mark Harris, has put more than 15m into Guy de Blonay’s global financials fund, taking its assets under management to just over 36m. […]

Fundsdirect founder Ewing set to float hedge fund firm

Fundsdirect founder Sean Ewing is set to float his latest venture, hedge fund firm Absolute Capital Management, on Aim in the next two months. Absolute chief executive and chairman Ewing, a founding investor in the firm, is looking to raise 1.7m-3.4m to fund acquisitions and plans to attract and retain top hedge fund managers through […]

‘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.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment