View more on these topics

Canada Life new business up nearly 50 per cent

Canada Life&#39s new business figures have increased by almost 50 per cent.


The new business figures excluding unit trust and Pep business were up 47.3 per cent on the previous year.


The life office says that individual protection business was up almost 50 per cent.


The launch of two high income bonds also helped to boost the figures. Single premium investment business increased 236 per cent. In this area IFA-sourced business increased over seven fold on 1997.

Recommended

Cheltenham & Gloucester cut savings rates

Cheltenham & Gloucester Channel Islands is reducing the interest rates on all its investment accounts by 0.5 per cent.For balances of more than £100,000 in its Guernsey 30 account, rates will drop to 5.75 per cent. Balances at £25,000 drop to 5.7 per cent and balances at £5,000 to 5.5 per cent.Investors with £250,000 in […]

Public still ignorant about flexible mortgages

Over nine out of ten people are ignorant of the potential benefits of flexible mortgages according to a survey by The Mortgage Business.The research shows that 96 per cent of customers have no knowledge of flexible mortgages when first asked.This is despite the fact that three quarters of the sample had moved or remortgaged in […]

Clerical Medical enjoys record figures in 1998

Clerical Medical the IFA channel of Halifax increased its new business by 64 per cent to £2.7bn.Total retail business increased 31 per cent to £1,464m from £1,117m. Income from single premiums from individual pensions grew 44 per cent to £318m from £221m. Annual premiums dropped 20 per cent to £14m from £18m.For group pensions annual […]

Pre-budget rumours continue

As we have noted with talk of a 10p tax rate comes talk of the end of mortgage interest relief. With this possibility comes scope to open up a very interesting debate with company directors and partners who have credit balance loan accounts or capital accounts i.e. their business owes them money!If this position exists […]

Boosting our annuity strategies

Targeting annuity purchase in lifestyle strategies isn’t anything new but we’ve just lifted the bonnet and injected an enhancement shot into the end-point of these solutions. The recent volatility has shot short-term volatility into equity markets and painted a very turbulent backdrop but we’re also equally faced with a stressed fixed interest environment. This can […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment