View more on these topics

Friends Provident announce dramatic rise in new business


Friends Provident has reported a dramatic £333m increase in new business.


First quarter results to March 31, 1999 show a 125 per cent increase to £600m from £267m for the same period of 1998.


Single premium business brought the greatest rise of 139 per cent to £561m from £235m for last year, while annual business grew 22 per cent.


Much of the increase has come from the revamp of its annuity business.


Single premium group business which includes annuities has seen the most dramatic rise to £255.2m from £45.5m in 1998.

Recommended

Standard Life launches £1m charity appeal

Standard Life is underwriting a staff charity appeal to the tune of £1m to mark its 175th anniversary next year.Besides the £1m guarantee, the life office will match every pound staff raise up to a maximum £1m.The appeal aims to encourage staff at each of its offices, to raise cash for their chosen charities. The […]

Seven million plan to put cash into Isa

Nearly seven million people plan to open an Isa by September, according to a Mori survey conducted for Newton Fund Managers.The survey will be welcome news to the Government, which is yet to launch its Isa awareness campaign.Newton says about 15 per cent of people think they will invest in an Isa in the first […]

M&G announce gross Pep sales of £673m

M&G has announced gross Pep sales of £673m for the tax year ending April 5, 1999.The three month figure to March 31, 1999 was £311m but this increased to £337m by April 5.The investment manager&#39s quarterly figures also revealed funds under management of £19bn at March 31.

Firms join up to create logo for Cat standard Isa

Ten life offices and fund managers are banding together to create a standard industry logo for the Cat-standard Isa.The project, which is bac- ked by the Association of British Insurers and the Asso- ciation of Unit Trusts and Investment Funds, brings together large IFA life off- ices, fund managers, direct-sales offices and supermarket operations.The companies […]

How to balance bottom-up with top-down research in constructing multi-asset credit portfolios

In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment