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CGU announce first quarter results

CGU Life has announced a 27 per cent increase in new life, pensions and investment business.

Results for the first quarter 1999 show new annualised premium income has risen to £122m from £97m over corresponding figures for last year.

UK single premium business was up 53 per cent to £864m from £565m over the same period. But annual premiums were down on last year at £36m from £40m a fall of 10 per cent.

Single premium pension sales were up 40 per cent to £196m from £140m on the same period last year.

But its was single premium Peps and unit trust sales that witnessed the highest sales up 166 per cent to £259m from £97m.


FSA to launch on-line register

The Financial Services Authority will launch an online register of authorised firms on 29 April.The Central Register website will enable the public to carry out basic authorisation checks on firms they are thinking of dealing with. Being authorised means that a firm meets the regulator&#39s standards of honesty, financial soundness and competence and offers safeguards […]

TMO launches buy-to-let mortgage range

The Mortgage Operation (TMO) is launching a portfolio of five products in response to the increasing demand for buy to let mortgages.TMO marketing director Frank Butler says: &#34Recent figures for buy to let mortgage sales over the last three months total £290 million – an increase of 36 percent compared with the previous quarter.&#34TMO&#39s new […]

Fleming Asset Management ISA delay an advantage

An apparent setback to Fleming Asset Management&#39s ISA – its launch was put back to 4 May due to IT difficulties- may actually turn out to work in their favour.Fleming investment sales director Phil Jefferson says: &#34The Fleming ISA will not be available until next month. We feel this is not necessarily a disadvantage. There […]

Aon Consulting appoints head of investment research

Aon Consulting has promoted Claire Lumsdaine, head European investment research to overall head of investment research.The move combines the European role with the UK role previously held by Paul Richards, who is moving to Friends Ivory & Sime.

Value for money in DC pensions

The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]


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