New pension product boosts Standard Life
09/11/2005 - 07:41:10Standard Life reported sales growth of 5% today as the mutual assurer benefited from demand for self-invested personal pensions.
The group said the recently launched product, which allows policyholders to make their own investment decisions, helped boost overall life and pensions sales in the UK to £648m (€959m) in the nine months to September 30.
The improvement was achieved during a “pivotal year” for the group as it prepares for a stock market listing after 80 years as a mutual.
