Financial mutual Scottish Friendly has reported record sales of £47.7m - in terms of annual premium equivalent - for 2022.
Total sales increased from £46.9m in 2021 to £47.7m in 2022. Although sales of its own-brand investment ISAs decreased by 22% to £14.3m, protection insurance sales rose by 16% to £29.6m.
Overall assets under management decreased from £5.4bn to £4.5bn, reflecting the "challenging investment market during the year" and the combined impact of premiums received from policyholders and claims paid out.
