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Clerical Medical posts 53 per cent increase in new business

Clerical Medical&#39s worldwide new retail business leapt 53 per cent in the first six months of 1999 compared to the same period last year.

The life office posted new equivalent premium income of £171m smashing its previous record from last year of £112m last year.

Total new EPI business for the UK&#39s IFA retail sector also jumped 28 per cent to £121m from £94.4m over the same period last year.

UK life business was up 50 per cent to £39.3m from £26.2m last year.

But individual pension business remained static matching last years figure of £24.5m. While group pension business grew by 30 per cent to £17.8m from £23.1m last year.

Clerical Medical&#39s chief executive Robert Walther says: &#34Our core IFA retail business in the UK has grown strongly driving up our market share. We remain exclusively committed to the IFA retail sector and remain confident in its future success.&#34


ABI warns of dark events on August 11

The Association of British Insurers is warning August 11 the day of the solar eclipse may be a dark day in more ways than one.The Association says criminals are likely to exploit the opportunity of unoccupied homes in Devon and Cornwall and target them for burglaries.The ABI is warning people to make sure their homes […]

Mortgage life sales drop 25 per cent at CGU Life

New mortgage life business fell 25 per cent over the first six months of the year according to latest figures from CGU Life.The figures reveal mortgage life business dropped £6m in terms of equivalent premium income to £18m for first half of the year compared to £24m in for the same period of 1998.The life […]

Edinburgh Java Trusts outperforms benchmark

Edinburgh Fund Managers has posted six month results for its Edinburgh Java Investment Trust.The trust which invests specifically in Indonesia, out performed its benchmark by 4.7 per cent over the six months to June 30.The share price leapt by 61 per cent to 12.5p from 7.75p per share over the period.Java&#39s net asset value increased […]

Halifax announces 5 per cent increase in profits

The Halifax has announced a 5 per cent rise in the group&#39s pre-tax profits for the first six months of the year.The group saw profits rise by £42m to £885m from £843m for the same period last year. In line with its strategy the group reported that 35 per cent of the total profit now […]

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Considerations for overseas workers in Germany

With Germany’s strong economic growth leading the eurozone’s recovery, many UK businesses are keen to be part of the success story: recent data shows that there are currently more than 280,000* employees working for a UK-controlled company in the country.


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