Royal London new business up 8% APE

New life and pensions business at Scottish Life rose by 3% on an APE basis, with a 28% increase in annuities sales, a 2% decrease in individual pensions business and a 5% rise in group pensions business. Bright Grey saw a 15% increase in new business, which Royal London says reflects the benefits achieved from the launch of its extranet at the start of 2006, with over 70% of applications now made online. Scottish Life International’s new business rose by 24% and RLAS, the group’s life and pensions administration brand, saw a 31% increase. The group says growth at Scottish Life Inte...