Royal Skandia grows despite takeover talk

Royal Skandia saw a 55% increase in new business in the third quarter of 2005, despite Old Mutual's attempted takeover of parent company Skandia. Richard Rogers, director of international sales at Royal Skandia, said: "A couple of new distributors we were talking to and have not dealt with before have said they want to wait to see what happens with the possible takeover before giving us business. "But there has been no effect on business from other distributors. Indeed, new business grew by 55% in the third quarter over the same period in 2004." Rogers added new business grew in all reg...