Scottish Life has posted record results for 2012, helped by a strong final quarter where it went head to head with rivals still using commission incentives on group pensions.
Scottish Life has posted record results for 2012, helped by a strong final quarter where it went head to head with rivals still using commission incentives on group pensions.
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SIMON BAIN
Mutual insurer Royal London's pensions arm, which employs 1080 people in Edinburgh, lifted total new life and pensions business by 8% to £2.44 billion last year.
There was a 48% rise to £662 million in the last quarter, when the industry was facing the outlawing of commissions on new business when the retail distribution review (RDR) took effect on December 31.
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