View more on these topics

ABI reports jump in new business figures

New individual life and pensions business leapt 18 per cent during the second quarter of 1999 according to latest figures from the Association of British Insurers.

The figures reveal total life and pensions sales were up £1,6bn to £10.3bn for the second quarter of 1999 compared to £8.7bn for the same period last year.

Among the highlights was a31 per cent jump in total new life insurance premium business up £1.5bn to 6.2bn from £4.7bn for the same period last year.

Regular life premiums rose 12 per cent to £447m from £399m the previous year. While single premiums were up 35 per cent to £5.8bn from £4.3bn for the same period of 1998.

ABI&#39s director general Mary Francis says: &#34This was another good quarter for new life and pensions business, with overall sales levels continuing to rise strongly.&#34


Employer&#39s contribution needed for GPPs to qualify as stakeholder says Scotlife

Scottish Life has called for employer contributions to group personal pension schemes to be compulsory in order for them to qualify for stakeholder status.In its response to the latest consultation brief on stakeholder pensions the life office welcomed the Government&#39s concession that GPPs may be allowed to be re-classified as stakeholder schemes.But it called on […]

Skandia Life revises critical illness definitions but not literature

Skandia Life has announced it will not update its current critical illness literature containing defunct illness definitions until September.The announcement follows the introduction of standard industrywide definitions by the Association of British InsurersSkandia has confirmed it will adhere to the new ABI definitions despite its literature continuing to carry its previous definitions.But the life office […]

Pensions splitting deadline set for end of 2000

The Government has set a target date of the end of 2000 to implement its pension splitting plans for divorcees.It has now published draft legislation outlining its plans which will allow clean break settlements, dividing pension benefits between spouses on divorce.Currently the law only allows pensions rights to be shared by &#39earmarking&#39 part of the […]

Investors oblivious to environmental issues

Investors are oblivious to the risks environmental issues pose to companies according to a report in today&#39s Financial Times.The report focuses on a study from environmentalists Forum for the Future, which blames investor ignorance on the absence of environment related information for companies.But the forum admits it is difficult to present a compelling argument as […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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