Scottish Friendly Funds Grow 22%

TEP – 28 April 2010


Financial services group, Scottish Friendly, has seen its business grow to £2.3bn, up 22% from last year.


The Glasgow-based firm saw its core life and pensions sales increase by 18% to £7.6m.

The mutual's 'with profits' fund returned 15.8%, which the company says went some way to reverse last year's losses.


The growth meant final bonuses for members with maturing policies has now increased.

Scottish Friendly said partnerships with other providers such as Pearl and Royal London had reaped benefits.