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Friends Provident reports 64 per cent jump in new business


Friends Provident have reported a 64 per cent jump in new business premiums for the first half of 1999.


The life office says equivalent premium income was up £74m to £189m from £115m compared to the same period last year.


Single premium business saw the greatest rise, up 107 per cent to £1,010m fro £487m last year, while annual premiums rose by 33 per cent to £88m from £66m in 1998.


Total new premium business leapt 99 per cent to £1,098m from £553 for the same period last year.


Friends Provident&#39s managing director retail operations Tony Barnes says: &#34We are at the forefront of the stakeholder pensions revolution. We have award winning protection products and we offer a range of extremely competitively priced products.&#34



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