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Friends Provident sales up

Friends Provident has announced a 13 per cent increase in new business for the first nine months of the year. The results show an increased focus on group pensions and protection, with with-profits accounting for only 27 per cent of sales.

Protections sales went up 19 per cent to £32m from £26m APE and group pensions sales increased 36 per cent to £117m from £96m APE. Sales of individual pensions and annuities dropped in line with the company&#39s strategy.

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