Standard sipps offset protection losses

clock •

Life and pensions sales for Standard Life have risen over 50% in the first three months of 2007, driven by strong growth in Self Invested Personal Pensions, although figures reveal protection sales have fallen 44% year-on-year.

According to the new business figures released today, life and pensions new business volumes rose 52% to £3,220m form £2,119m in 2006, which Standard says is driven by a 56% increase in pensions, 28% growth in life products and a ‘strong showing’ of 142% growth in annuities. On a Present Value of New Business Premiums (PVNBP) basis, Standard says individual Sipp sales - which include insured and non-insured Sipps and drawdown – rose by 117% from £569m in 2006 to £1,233 in the first three months of 2007, resulting in funds under management of £5.3bn. It claims the increase has been dri...

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 Your profession

Feel Good Friday: EQ Investors team completes 17.5-mile charity walk

Feel Good Friday: EQ Investors team completes 17.5-mile charity walk

For Carney’s Community

Professional Adviser
clock 02 October 2026 • 1 min read
'Affluent advice gap' sees unadvised individuals sit on £1.61trn amid commission concerns

'Affluent advice gap' sees unadvised individuals sit on £1.61trn amid commission concerns

The Lang Cat research

Jen Frost
clock 01 October 2026 • 3 min read
Succession Alliance launches first profession-wide succession survey

Succession Alliance launches first profession-wide succession survey

Open to people in all roles working in financial planning firms

Sophia Panayi
clock 29 September 2026 • 1 min read