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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


Building Societies claim 63 per cent of new Tessa business

Building societies are attracting 63 per cent of the new money coming into Tessa accounts.The societies suggest that this shows that will be a competitive force in when the ISA market launches next April.Latest figures from the Bank of England reveal that although building societies account for just 30 per cent of outstanding Tessa balances, […]

BSA picks up Hewitt&#39s gauntlet on social exclusion

The Building Societies Association is accepting Patricia Hewitt&#39s invitation to contribute to the financial exclusion debate.Hewitt made the invitation during a speech which challenged building societies to tackle the problem of financial exclusion in deprived neighbourhoods.BSA director-general Adrian Coles says: &#34We have established a group which will consider ways in which building societies can further […]


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