Standard Life gets boost from sales figures
One of the UK's biggest long-term savings and investment companies has seen a 30 per cent jump in its sales figures in the first quarter of this year and puts the success down to increased consumer confidence and greater desire for pension products.
Standard Life recorded the impressive rise, which was much better than analysts had predicted, and could offer hope to people searching for sales jobs in the financial services sector.
Jackie Hunt, the firm's finance director, said: "'Since the end of 2009 we have seen people moving out of cash and into equities and fixed income."
The boss added that the company has seen an "uptick in the amount of advice being sought" as consumer confidence returned to the market after the recession.
Positive sales figures for Standard Life were followed by an impressive performance on the stock market with the financial services company's shares finishing up 4 per cent at 201.3p yesterday.
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Posted by Nikki Barrister
Filed: 30-04-2010
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