Sales at Standard Life fall 15% this year

STANDARD Life Plc, which has a strong presence in Ireland, has reported a 15% fall in sales in the first nine months of the year.

In Ireland, sales of £589m (€656.6), down from £661m last year, were also 15% lower on a constant currency basis, according to the interim management statement for the nine months to September 30, 2009.

Domestic sales in Ireland rose by 29%, driven by increased sales of post-retirement products during the second quarter ahead of planned changes to tax legislation.