Standard Life sales double on 2006

Standard Life Ireland today reported a 96 per cent increase in sales on last year's figures.

Standard Life Ireland today reported a 96 per cent increase in sales on last year's figures.

The company said it has seen sales "soar" to €375 million for the first half of this year, an increase of €190 million over the same period last year.

Sales in the second quarter of this year stood at €184 million - more than double the figures reported for the same time last year, Standard Life said.

Standard Life Ireland's parent company, Standard Life, today announced a 31 per cent rise in first half sales. It said this was buoyed by an increase in European sales, including in Ireland, where the insurer introduced self-investment options.

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The company's world-wide life and pensions sales in the first six months of the year rose to £8.18 billion (€12 billion) above a consensus forecast of £7.87 billion.