Skandia UK and Offshore has seen an increase in profit of 14pc to £91m for the first six months of 2008, though the group registered an overall dip in life assurance and funds sales.
Skandia attributed its profit growth to the resilience of its business model, which has enabled it to continue to generate strong positive net client cash flows of £1.1bn for the half year, despite difficult...
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception