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Last Updated: Tuesday, 4 September 2007, 06:50 GMT 07:50 UK
Pensions boost for Standard Life
Flags at a Standard Life meeting
Standard Life's profits were better than expected
Strong sales of more profitable pension products have helped Standard Life to report a big jump in six-month profits.

Profits before tax rose 73% to 461m in the six months to the end of June, compared with the same period in 2006.

Standard Life abandoned its mutual status and listed on the London Stock Exchange in July 2006.

The insurer has been particularly strong in Self-Invested Personal Pensions (Sipps), which generate more profits than standard pensions.

Interest in Sipps was stimulated by the relaxation of pension investment rules in April 2006, known as A-day, and it has been central in Standard Life's earnings performance.


SEE ALSO
Standard Life sales top forecasts
07 Aug 07 |  Business
Standard Life sees 40% sales rise
08 May 07 |  Business
Standard Life to cut 1,000 jobs
22 Mar 07 |  Business
Windfall cash-in at Standard Life
27 Sep 06 |  Business
Standard Life shares set to float
09 Jul 06 |  Business
Standard members vote for float
31 May 06 |  Business

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