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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.


S&P upgrade Standard Life Investment&#39s smaller companies fund

Standard Life Investment&#39s UK smaller companies fund has today been upgraded from an “A” rating to a double “A” by ratings agency Standard & Poors.The company has one other “AA” rated fund – its corporate bond fund. Another seven funds are “A” rated out of a total of sixteen. Earlier this year, the smaller companies […]

Close Chip fishes for high-yield properties

Close Property Investment is seeking between £30m and £50m for Close high income properties (Chip), an offshore closed-ended fund that is also available within an Isa wrapper.The fund will invest in an actively managed portfolio of UK commercial properties and aims to produce an income yield of 7.75 per cent gross a year with some […]

Platform unveiled as new name for Britannia&#39s intermediary business

Platform has been unveiled as the brand name for Britannia Building Society&#39s new intermediary business following the merger of its Platform Home Loans and Verso divisions. The new brand offering prime to non-conforming products launches in January next year, and until then it will be business as usual for both divisions. Britannia says the Platform […]

Advice Store plans interactive presentations

IFA Network Advice Store is using data, video and voice conferencing to attract new members, train staff and fulfil compliance requirements.The network, which laun-ched in March, has 103 RIs and plans to expand further with interactive presentations held online every day at 11am and 2pm.Potential members can enter a special website set up by Advice […]


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