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Friends Prov retail business up 20 per cent

Friends Provident&#39s total new retail business was up 20 per cent to £245m from £204m equivalent premium income year ending December 1998 compared to the same time the previous year.


Total new annual premium business increased 12 per cent to £134m from £120m while new single premium business increased 32 per cent to £1,109m from £838m.

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FSA roadshow comes to Scotland

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First Active launches offshore euro accounts

Irish-owned First Active&#39s Guernsey-based subsidiary is launching a range of offshore euro-denominated savings accounts.Euro deposits may be made automatically into one of three accounts, an on demand account, a 30-day notice account and a 60-day notice account.First Active group managing director John Smyth says: &#34With the advent of the euro, many of our customers will […]

Bacon & Woodrow calls for radical redesign of benefits

Bacon & Woodrow is warning the financial services industry it needs to radically rethink the design and distribution of financial products to survive the changing demands made by clients in the 21st Century. A study it carried out has found there will be further growth in self-employment which will change the role of employers, more […]

R&SA warns of budget threat to potentially tax exempt transfers

Royal & SunAlliance is warning that the Government may close in on potentially tax exempt transfers in next month&#39s budget.The life office says that &#34all the indications are that key officials are now working on inheritance tax issues&#34.R&SA technical services consultant Brendan Harper says: &#34There is an extremely strong likelihood that the Government will abolish […]

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