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Standard Life Irish funds reach E7.4bn

Tuesday, August 05 10:39:17

Standard Life's Irish business saw substantial growth in assets over the first half of 2014, as total assets grew from E6.8bn to over E7.4bn, it said today.

"Increased consumer confidence helps explain a 59pc increase in sales of personal pensions. Consumers find it easier to plan for the future when they have more financial confidence," said Brendan Barr Head of Marketing at Standard Life Ireland.

He said that investment bond sales also increased sharply (+26pc) as the near zero deposit rates is encouraging customers to move long term money away from deposits into investments.

Standard Life's investment performance is particularly strong - ranked number one over 1, 5 and 10 years in the pension league tables. This helps attract new monies from customers and also boosts the underlying asset values, he added.

For more visit: www.businessworld.ie