80% jump in BoI lump sum investment business

Bank of Ireland Life has announced an increase of 80% in its lump sum investment sales to September 2006.

The bank also said today that overall new business sales grew by 29% to €295.7m compared to the same period last year.

Pension sales saw a growth of 10% in regular premium business and 25% in single premium pensions.

Bank of Ireland Life said it expects a surge in pension sales by year-end following on from the self-assessment tax deadline at the end of October.