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Friends Provident reports surge in bond sales

Sales of single premium bonds at Friends Provident have soared over the last nine months according to its latest figures.


The figures reveal that sales of new single premium bonds for the first nine months have more than doubled over the same period of last year to £1.6bn from £758m.


Equivalent premium income jumped 72 per cent to £297m from £173m the previous year and annual premiums leapt 40 per cent to £136m from £97m.


Friends&#39 managing director retail operations Tony Barnes says: &#34Our objective is to provide our three million plus customers with high quality products, service and performance. These results clearly show that we are doing just that.&#34

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