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

Looking beyond the oil shock

Looking beyond the oil shock

'A few weeks ago, there was genuine reason for optimism'

Fahad Hassan
clock 27 July 2026 • 4 min read
What does a new PM and chancellor mean for investments?

What does a new PM and chancellor mean for investments?

'What is important is what happens over the long term'

Jasper Thornton Boelman
clock 23 July 2026 • 4 min read
SJP rebrands global equity income fund and reduces charges

SJP rebrands global equity income fund and reduces charges

Appoints Acadian as investment adviser

Patrick Brusnahan
clock 22 July 2026 • 1 min read