View more on these topics

8 per cent APE new business growth for Scottish Life in H1

Scottish Life increased its annual premium equivalent business by 8 per cent to £74m for the first half of 2004 from £68.5m for the same period last year.

Individual pensions business rose 21 per cent to £32.7m from £27m while group pensions business grew 2 per cent to £36.3m from £35.5m over the period.

Scottish Life chief executive Brian Duffin says: “I&#39m very pleased that we have continued to perform well in what has been a relatively flat pensions market. A particularly encouraging sign is that second quarter new business was 18 per cent ahead of first quarter figures.

“Sales of individual plans have been notably strong, reflecting the launch, in the middle of last year, of the new &#39Individual&#39 range of products, with their market-leading Financial Adviser Fee facility.”

Recommended

Strachan says caveat emptor alive and well

The FSA has moved to reassure firms about caveat emptor, saying reports of its demise have been exaggerated. Speaking at the International Insurance Society conference in London this week, FSA sector leader for insurance David Strachan said treating customers fairly does not equate to the end of caveat emptor. Neither does it mean that policyholder […]

Ombudsman edge – Peter Hargreaves

The recent review of ombudsman procedures, which runs to 50 pages, does not break much new ground. I welcome the fact that the Financial Services Ombudsman will now refer straight to the FSA any situations where an individual brokerage receives numerous complaints over a particular issue, indicating an underlying problem. On the face of it, […]

Cavanagh Group gets £1.6m cash injection from Skandia and Friends after £1m loss

Skandia and Friends Provident are injecting a total of £1.65m into Cavanagh Group as the listed IFA strives for profitability after a £1m loss for the six months to April 30. Friends is paying £1m and Skandia the balance for newly-issued shares in the IFA which, despite boosting turnover from £2.4m to £4.9m during the […]

Hampden gets FSA go-ahead for Lloyd&#39s deals

Leading underwriting adviser Hampden Agencies has been given FSA authorisation to facilitate the buying and selling of investors&#39 interests in limited liability vehicles at Lloyd&#39s of London. Through Hampden, investors will be able to buy an existing Nameco – a limited liability vehicle that all new Lloyd&#39s members have been obliged to invest in since […]

Neptune’s Burnett looks beyond Greece

Watch Rob Burnett, manager of the Neptune European Opportunities Fund, discuss the Greek bailout deal and its potential implications for European equities. In the video Rob discusses: Why, with the Greek crisis receding, markets can now focus on Europe’s strong fundamentals The resilience of European markets and why the recovery is on a solid footing […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com