Standard sees Life in the single premium market

clock

Standard Life has set its stall firmly in the single premium investment-led market, as new business figures released this morning reveal the company is seeing growth on the back of its new direction.

According to Q1 2006 business figures, the Edinburgh-based mutual life insurer - which is now seeking the member support for an LSE listing this summer - saw UK life and pensions annual premium equivalent sales increased by 13% to £263m, as a result of improved interest in its range of single premium self-invested personal pensions, investment bonds, trustee investment pension plans and personal pensions offerings, Single premium business rose by 52% to £1.5bn, and accounted for 46% of its UK life and pensions APE book of new business, led in the main by a huge jump in sipp sales – up 79%...

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

FCA takes civil action against Neil Woodford and W4.0 for 'operating without authorisation'

FCA takes civil action against Neil Woodford and W4.0 for 'operating without authorisation'

Accused of breaching FSMA

Michael Nelson
clock 08 June 2026 • 2 min read
M&G's PruFund coming to Scottish Widows Platform

M&G's PruFund coming to Scottish Widows Platform

First third-party platform launch

Jen Frost
clock 08 June 2026 • 2 min read
Investors move from cash to US equities as confidence improves

Investors move from cash to US equities as confidence improves

Investment Association figures show

clock 05 June 2026 • 3 min read