Hibernian Life & Pensions has announced new business sales figures for 2000. The figures reflect its first full year of business following the merger of Norwich Union, Hibernian and CGU last year.

They show exceptional growth in pension sales and modest growth in sales on the investments side. The company achieved growth in all product areas, with pensions performing best. New annual premium pension sales rose by 36 per cent to £37.3 million. Single premium pensions were up 58 per cent to £85.1 million.

Growth in sales on the investment side was less impressive. Single premium investment business rose by 7 per cent to £408.4 million last year from £381.1 million in 1999.

New business APE (annual premium equivalent) grew by 19 per cent to £103 million.