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CGNU sees pensions sales grow

CGNU wrote new business worth £10.4bn in the first nine months of this year, with £5.3bn of business in its UK life and pension arm.

Sales of stakeholder pensions were worth £120m since their introduction in April, but CGNU&#39s ovevrall UK pension sales were up 37 per cent to £1.9bn for the first nine months of 2001.

CGNU Group Chief Executive Richard Harvey says: “In the UK, where we have a total market share of some 11%, we have achieved record new life and pension sales of £5.3 billion. In the new stakeholder pensions market, we have so far achieved a share of over 25% in the important IFA stakeholder market, helped by our brand leadership position.”

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