Sales boost for Royal London
THE owner of Edinburgh-based Scottish Life has recorded a six per cent rise in new business.
New life and business sales at Royal London reached 1.06 billion in the six months to June 30, compared to 1bn in the same period last year.
Its Scottish Life division saw its new pensions business rise by four per cent to 779 million, the same rise as Scottish Life International which reached 79m.
Mike Yardley, group chief executive at Royal London, said: "Despite the difficulties faced by UK consumers, Scottish Life has achieved increased business levels.
"This is due to the quality of our products and service.
"It has been achieved despite our decision not to follow some of our competitors, who are continuing to offer high, old-style commissions."
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Saturday 18 February 2012
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