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Individual pension sales fall at NU

Norwich Union’s individual pension sales fell to 2.5bn last year from 3.1bn in 2004. Equity-release sales fell to 374m from 478m but collective invesetment business rose by 35 per cent to 1,16bn.

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Ritchie says firms will turn away GPP sales or raise charges

Life offices will have to refuse new group pension business or impose extra charges on small and medium-sized employers if Adair Turner’s NPSS plan gets the go-ahead, warns Scottish Equitable director of pensions development Stewart Ritchie. He says it is inevitable that pension business will take flight into an NPSS scheme, leaving life offices with […]

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