Standard Life Ireland says its sales rose by 64% in the first half of 2006 compared with a year earlier to €28.1m with strong performance in both quarters.
It said the increase in sales has been driven by the success of the Synergy suite of products launched in the first half of 2005. 'Our growth of 60% in the first half is almost three times greater than the market average,' said chief executive Michael Leahy.
The parent company, which recently floated in London, reported a 17% increase in sales to £745m, with UK life and pensions sales up 25% to £594m.
Outside the UK, however, new business sales dropped by 52% to £21m. Standard Life blamed changes in tax legislation and a comparison with a very strong first half last year.
