Standard Life’s Irish sales drop by 18% to €439m

TOTAL sales at the Irishdivision of financial services giant Standard Life fell by 18% – to £327 million (€439m) – on a year-on-year basis in the first half of this year.

However, core pension product sales in its Irish division were up by 8%, boosted by increased demand for post-retirement products during the second quarter of the year.

In the second quarter alone domestic pension product sales were up by 66%, year-on-year, in Ireland (a strong turnaround after the first quarter’s 36% like-for-like drop in sales).