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Analysts in warning to Pru on Q3 sales

Insurance analysts have warned that Prudential should be concerned that IFA sales for the third quarter are down for the first time since 1995.

Both single and regular premium IFA sales are marginally down for the third quarter.

Prudential also recorded a 20 per cent fall in product profit margins which was the highest of any of the major life offices.

Credit Lyonnais Laing insurance analyst Craig Burke says: &#34 Scottish Amicable was bought to increase market share but this does not seem to be happening. Margins are not holding up and I think they will be reasonably concerned.&#34


Swiss Life doubles maximum critical illness cover

Swiss Life (UK) has doubled the maximum critical illness benefit available to members of employer sponsored schemes from £250,000 to £500,000.It has also extended the number of medical conditions covered to all new and existing plan holders at no extra cost.Maximum cover for spouses or children of members has also been increased to £50,000 and […]

Portman offers range of new mortgages

Portman is launching six mortgages offering a wide range of benefits to cater for the varied needs of home buyers.The range of products includes capped, fixed and discounted interest rate mortgages and benefits such as no early repayment fee, free valuation and cashback.All six products are available through IFAs from November 1 and have an […]


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