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Canada Life new business up by 76 per cent in Q3

Canada Life saw new business increase by 76 per cent in the nine months to the end of September.


The life office says it is now conducting 62 per cent of its new business in the UK through IFAs.


Excluding Pep&#39s and unit trusts IFA business has soared to 75 per cent mainly due to the increased use of laptop technology which enables information to and from the customer to be processed more quickly and efficiently.


Canada Life general manager Ian Gilmour says: &#34The future looks extremely encouraging as we approach the year when we may demutualise.&#34

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