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Bupa revenue hits £2.1bn

Bupa’s revenue has increase 10 per cent to £2.1bn for the six months to June 30, 2007 compared to the same period last year.

It says total insurance customers are up 3 per cent since year end with an underlying pre-tax surplus of £172.4m, up 23 per cent.

Bupa chief executive Val Gooding says: “Bupa has maintained strong trading momentum in the first half of 2007. Customer numbers have risen strongly, reflecting the attractiveness of Bupa’s high quality health and care services
and generally favourable economic conditions in key markets.

“The group continues to invest significant funds in the development of its core businesses. This investment, and an anticipated return to historical claims levels in international insurance will slow the rate of growth in underlying surplus in the second half.

“We remain confident that Bupa has an attractive range of market opportunities. We will continue to invest in the business for the benefit of our customers.”


Wynne-Jones leaves Assureweb

Assureweb director of sales and marketing Stephen Wynne-Jones is leaving the firm. Norwich Union’s Mark Wilson will take over the trimmed-down role of head of propositions with chief executive John Spellman taking a more hands-on approach. Head of product management Chris Metcalf is also leaving after his position was made redundant.

Glazing over at fact-find claims

I refer to a letter in Money Marketing recently from BGW Jamieson, Fact-find not needed for generalities. I must take issue as Mr Jamieson has sadly become a member of the usual band of my detractors, the Double Glazing Fraternity, and I would respond:1: It is illegal to give advice without knowing your client’s circumstances. […]

FAS annuity ban for trustees

Trustees of schemes that have qualified for the Financial Assistance Scheme have been banned from buying annuities for their members by the Department of Work and Pensions.FAS-qualifying schemes will be stopped from buying annuities for nine months from September 26 to give the DWP time to work through the findings of the Young review which […]


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