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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


Scottish Friendly reports record sales

Scottish Friendly sales leapt 40 per cent over the first six months of 1999 compared to the same period last year according to the company.The friendly society reported a record increase in life and pensions sales of £1.8m to £6.2m from £4.4m over the same period last year.Scottish Friendly puts these record sales down to […]

Consumers need lessons on tax affairs according to tax specialists

Taxation specialist i.e.taxguard is calling on the Government to instigate a broad based education programme to help people with their taxes.It says there is a need for education to prevent millions of people being fined for not properly understanding their tax returns.Research by the tax specialists found that more than two in five people find […]

Premier launches bespoke portfolio management service

Premier Fund Managers is launching a tailor-made portfolio management service for investors in zero-dividend preference shares of split capital investment trusts.Premier will individually build a portfolio to match their clients investment needs.The bespoke service has a minimum investment of £100,000, there are no initial charges but the annual management charge is 1.25 per cent a […]

Mercury voted top fund manager

Mercury Asset Management has been voted Europe&#39s number one fund manager in the 1999 Primark Extel Survey.The survey polled the Eurotop index&#39s top 300 companies.This follows a recent Reuters Survey of the UK Larger Companies which elected Mercury as the &#39Best Fund Management Group&#39.MAM co-head Carol Galley says: &#34Our unrivalled ability to understand the companies […]


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