Shift to sipps pays for Standard Life

clock

Standard Life saw its life and pensions sales rise by over half in 2006 on the back of key changes at A-Day and a redirection of pensions investments towards sipps.

According to figures released this morning by Standard Life Group, the UK division generated sales on a true single and regular premiums business recording – also know as PVNBP (present value of new business premiums) – of £11.4bn in 2006, a rise of 69% on the previous year, or 54% to £1.44bn on an APE (annual premium equivalent of 100% single premium and 10% regular premium basis). Key to the growth of the business was its push into the self-invested personal pensions and drawdown sectors as this lifted sales by 150% to £395m over the year, dominated heavily by a move of single premium a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

What advisers need to know as SpaceX fuels space investing interest

What advisers need to know as SpaceX fuels space investing interest

WisdomTree’s Mobeen Tahir unpacks the space economy theme

Sophia Panayi
clock 14 August 2026 • 1 min read
How markets have developed in 2026 so far

How markets have developed in 2026 so far

'Active allocation does not mean constant trading or short-term market calls'

James Flintoft
clock 12 August 2026 • 3 min read
How sustainable funds have beaten the index this year

How sustainable funds have beaten the index this year

'ESG funds benefit from access to some of the livelier parts of the market'

Ian Aylward
clock 10 August 2026 • 3 min read