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Axa Sun Life announces increase in new business

Axa Sun Life has posted a 35 per cent increase in new business to 149.1m for the first quarter of 1999, compared to £110.4m for the same period in 1998.

Total new sales were up 31 per cent to £140.1m from £106.7m for 1998. But it was single premium business which showed the greatest growth, up 56 per cent to £904.7m from £579.5m for last year.

New regular premiums also increased 12 per cent on last year.

But regular premium business from IFAs was down by 5 per cent for the quarter compared to single premium business which jumped 74 per cent to £762m from £439m for the same period last year.


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Regulator and former regulator clash

A regulator and former regulator have clashed over proposals to include mortgages within the Financial Services Authority&#39s remit.FSA consumer panel chairman Barbara Saunders called for mortgages and long term care to be regulated by the FSA in evidence to the Parliamentary scrutiny committee examining the Financial Services and Markets Bill.But former Securities and Investment Board […]


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