View more on these topics

IFAs lose market share in 1998

IFAs&#39 share of life and pensions business fell 2.1 percentage points to 40.4 per cent in 1998 from 42.5 per cent the previous year.

And the latest Association of British Insurers figures showed their tied rivals making inroads with company agents&#39 annual life and pensions business up 1.3 percentage points to 55.9 per cent in 1998 from 54.6 per cent in 1997.

But single premium life and pensions business for the IFA market rose 6.6 percentage points to 67.7 per cent for 1998 from 61.0 per cent for the previous year.

Company agents&#39 single premium life and pensions business slipped 7.3 percentage points last year to 30.6 per cent from 37.9 in 1997.



&#39Double jeopardy&#39 warning on Esops

IFAs are warning that the Chancellor’ proposed new all-employee share ownership scheme could jeopardise investors and compete head-to-head with AVCs. Industry experts fear that people who take up the schemes to enhance their pension provision could face the risk of double ruin if their companies run into trouble. The scheme is set to allow employees […]

Birmingham Midshires set to announce size of windfall payments

Birmingham Midshires Building Society says its one million members will know the size of their windfall payments by March 17.The society will become part of Halifax on April 19. It will then be free to distribute a £750m windfall to its members. Members who claim quickly should receive payment by April 29.


News and expert analysis straight to your inbox

Sign up


    Leave a comment