7th March 2012

Scottish Life: We're stronger than ever

Scottish Life has had a third successive year of record new business, with the 2011 total being almost 50% higher than in 2008.

The main growth in 2011 was Group Pensions, up 48% compared with 2010, in part reflecting the continued move by corporate advisers to the Retail Distribution Review (RDR) style of remuneration that Scottish Life offers.

Individual Pensions continue to deliver good volumes of new business despite the difficult economic backdrop. The figures for Individual new business in 2011 were 37% higher than in 2009, the last "normal" year for new business.

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Pensions, RDR

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