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IFA dominate Peps sales for first quarter 1999

IFAs won 40 per cent of Pep sales in the first quarter of 1999 according to figures released from IFA Promotion.

The final dash for Peps saw IFAs record Pep sales of £1.95bn of the total£4.88bn Peps sold during the quarter compared to last year when IFAs wrote 31 per cent of the Pep total.

IFAs continued to dominate the industry in terms of market share for sales of investments and insurance products. The IFAP figures show IFAs cornered 59 per cent of the total market in the first quarter of 1999 compared to their main rival company agents, who achieved just 28 per cent of the market.

Actual sales in the first quarter of 1999 were up by 47 per cent on the same period last year to £10bn from 6.8bn last year.

This compares to a 23 per cent increase in sales for company agents to £3.8bn from £4.7bn and a 21 per cent increase for direct sales to £1.5bn from £1.2bn on the same period last year.


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 […]

AITC makes marketing campaign appointments

The Association of Investment Trust Companies has made two marketing appointments following the acceptance of the &#34its&#34 marketing campaign by the industry.Craig Fabian will become campaign project director and Simon Arthur will take the role of marketing services manager.Fabian joins the AITC from Volvo Car UK where he was marketing director.Arthur, who will be responsible […]

Ethical investments growing

Funds under management in ethical unit trust topped £1.7bn in July compared to £1.5bn over the same period last year according to CIS Unit Trusts.In its ethical guide the fund manager also highlights how the number of ethical unit trusts available has grown to 31 unds from 23 a year ago.CIS believes this figure is […]

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 […]


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