Sales at Standard Life rise by 11%

SALES at Standard Life increased by 11% in the last year as Europe’s largest mutual assurer gears up to persuade members to float on the stock exchange.

The Edinburgh-based society said sales for the 13-and-a-half month period to the end of December were €2.03bn, an 11% increase on the 12 months to November 15, 2003.

Standard Life has changed its year-end to December 31 from November 15 to bring it into line with its listed peers.