Pension giant, Standard Life, in €1.14bn boost

The Irish arm of international pensions and investments giant, Standard Life attracted €1.14bn of new sales last year, with the value of assets it has under management rising by almost 16% to €8bn.

Personal pension sales rose by 41%, while the company also saw a sharp increase in demand for regular savings products, with more customers having the ability to save on a monthly basis.

“The positive returns experienced by investors in recent years has given them greater confidence in placing more money into long-term savings and investments. We’re delighted Standard Life customers, in particular, have benefitted from the strong performance of our funds,” said Standard Life Ireland’s head, Nigel Dunne.