Investment Bonds | Standard Life Sales Up 79% In Irish Operations

CIARA O’BRIEN

SALES AT Standard Life’s Irish operations rose by 79 per cent in the initial entertain of 2010, the organisation said.

The firm mentioned a burly beginning to the year saw sales is to 3 months attain £455 million (513.3 million) for its two businesses in Ireland, Standard Life International, that sells products primarily to UK investors, and the made at home business, Standard Life Ireland. Sales at

Standard Life International rose by 93 per cent to £267 million as it created new placement channels. The made at home business available a sales enlarge of 62 per cent, to £188 million.

“We have had a burly beginning to the year notwithstanding severe marketplace conditions,” mentioned Standard Life’s arch senior manager Nigel Dunne.

He mentioned a number of factors constructed a “multiplier-effect” in stepping up sales is to initial 3 months, inclusive taking flight sales of singular reward investment bonds, a pierce to more secure investment and allowance decisions, and great investment opening by Standard Life Investments opposite organisation allowance managed, equity, prearranged fascination and full lapse account categories.

The firm mentioned it was anxious about promising changes in taxation comfort that would make pensions reduction attractive.

Mr Dunne mentioned a offer for a 0.5 per cent levy on allowance supports could be significantly marked down if expansion opposite all extra savings and investments, inclusive bank deposits. “It doesn’t make clarity to levy a aloft taxation on pensions where saving levels are woefully inadequate,” he said.

Email

Facebook

Twitter

LinkedIn

Reddit