SIPPs boost Standard Life

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SALES of self-invested personal pensions and the effects of A-Day's simplification changes boosted Standard Life's new UK pensions business by 52pc during 2006.

Its latest results show net pensions sales of £1.2bn for the 12 months to December 31 – up from £789m the previous year. Sales of SIPPs and drawdown products leapt 150pc in 2006 to £395m, while li...

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