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L&G is bolstered by strong pension sales

Strong demand for personal pensions last year offset fall- ing protection and annuities sales and helped increase Legal & General’s fourth-quarter new business flows.

The firm saw a 29 per cent rise in UK new business to 292m from 227m in the same period in 2004.

New regular-premium pension business increased by 33 per cent to 44m from 33m and single-premium new business increased by 46 per cent to 219m from 150m.

Sales of individual annuities fell by 57 per cent to 92m from 212m while protection sales were down by 15 per cent from 13m to 11m. Mortgage-rel-ated life policy sales fell by 11 per cent to 24m from 27m.

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Henderson faces 43m TLI bill

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Reforming India: just the beginning

By Kunal Desai, Neptune India Fund

As global investors continue to scour emerging markets through the lens of reform potential, India shines bright. Indeed, we think it can sparkle even brighter. We anticipate India’s self-imposed 10-year ‘policy holiday’ to turn into one of the most pro-growth and pro-investment policy calendars seen in Asia in years. The Indian electorate has engineered a historic verdict. We now have the strongest Indian government since 1984, with the pro-market Bharatiya Janata Party (BJP) achieving an absolute majority for the first time in the party’s history.

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