Insurance company Hibernian, announcing year end figures today, has reported a 29% slump in sales in 2003.

INSURER Ark Life has reported a small rise in premium sales for 2003 after stripping out the effects of Government-backed special savings accounts from the previous year’s results.

LIFE assurance and pensions provider Ark Life had a tougher year in 2002, impacted by the introduction of the Special Saving Incentive Accounts in February, 2001 which remained open to end April, 2002.