Scot Friendly toasts pensions business boost

It says Tax Exempt Savings Plans (TESPs), which can be held in addition to ISAs and are only available from friendly societies, were particularly strong - up 36% on 2006. Scottish Friendly says the achievement underlines the success of its organic growth strategy. This is being pursued alongside two further development areas; mergers and consolidation and business processing for third parties. Neil Lovatt, director of sales and marketing, says: “This has been another exceptional year for Scottish Friendly. By launching attractive new savings products and securing new distribution partners...