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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.


Ailo brochure explains bonds

The Association of International Life Offices is launching a brochure to help UK advisers better understand offshore investment bonds and why they might be suitable for their clients.

Slave to the algorithm

Investment Only by considering all the variables can an informed decision be made on choosing an onshore or offshore investment, says Prudential taxation and trusts manager Paul Kennedy.

The ones that got away

Nearly half of equity-release plans were sold direct by providers last year, highlighting a missed opportunity for advisers, says Nicola York

Henderson faces 43m TLI bill

Henderson could face a bill of at least 43m for compensating clients of Towry Law International allegedly missold failed, high-risk investments. But the 1,000 clients of the now closed firm are hoping for as much as 80m. TLI is believed to be close to reaching an agreement with the Hong Kong regulator over compensating clients […]

Time to stop the salami slicing on tax relief

Steve Webb  – Director of Policy and External Communications As the Autumn Statement approaches, Steve Webb calls for the Government to stop tinkering with tax relief. Twice a year, in the run-up to the Spring Budget and the Autumn Statement, we face a torrent of speculation as to what changes the Chancellor might make to […]


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