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Canada Life&#39s IFA new business shoots up

Canada Life&#39s UK IFA new business has shot up almost 16 per cent according to its third quarter figures published this week.

Overall IFA new business is up by 15.5 per cent to £84.5m from £73.1m of which individual sales increased by 30.5 per cent to £30.0m from £23.0.

Group sales went up by 8.7 per cent to £54.5m from £50.2m and overall new business increased by 12.2 per cent to £113.4m from £101.0m.

IFA single premiums also increased by 36.7 per cent to £243.2m from £177.9m.

Canada Life executive director Paul Whitaker says: “The company is now strongly focused on building effective and profitable business-based solutions with IFAs.”

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