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Hibernian sales flat last year

New business sales at life and pensions group Hibernian were flat at £103m sterling last year, according to figures from its parent company Aviva this morning.

Total sales fell to £343m from £523m in 2001 in what the company called difficult investment conditions.

SSIA sales boosted regular premium life and savings sales by 59% to £35m. Total regular premiums were up 26% to £76m.

Regular premium pension sales were 21% higher at £41m, but sales of single premium life products were more than halved to £157m, affected by caution towards unit-linked and with-profit investments.

Single premium pension sales dropped from £141m to £110m.

Aviva sales edged up 2% to £2.73 billion, in line with forecasts, but the company said it expected conditions to remain difficult.