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L&G sees protection sales soar

Legal & General has seen sales of protection products rocket by 88 per cent compared to the same time last year.

Annual premium sales of protection totalled £70m for the first half of this year compared to £37.2m for the first six months of 2001. The company attributes the rise to historically low life assurance rates and efficient online trading. It says it has also benefited from the shift to repayment mortgages.


Aspen sets up annuity arm to target DC market

Actuary and pension consultant Aspen is setting up a specialist annuities arm to target pension trustees with services for the growing defined-contribution pension market.Aspen Annuities will offer open market annuities and advice on retirement opt-ions, including impaired life annuities and investment-linked annuities and income drawdown. There are two online annuity calculators that give the best […]

NDF claims bond is an opportunity

NDF Administration claims its latest protected growth plan allows investors to take advantage of the plunging stockmarket.The five-year plan offers 100 per cent of the rise of the FTSE 100 over five years and 100 per cent minimum capital repayment unless the FTSE 100 falls by more than half during the term.If the market does […]

Ex-Knight Williams chief returns to industry as IFA director

John Williams, the former managing director of 1990s&#39 equity-release specialist Knight Williams, has been granted authorisation by the FSA to become a director of IFA Carmel Financial Planning in Hitchin, Hertfordshire.Knight Williams spectacularly went into liquidation in 1995 after the Securities and Investments Board, a precursor to the FSA, demanded the firm set aside £2.78m […]

Northern Rock Guernsey – Offshore Fifty Fifty Issue 10

Thursday, 15 August, 2002 Type: Offshore guaranteed equity bond and high interest account GUARANTEED EQUITY BOND Aim: Growth linked to FTSE 100 index Minimum-maximum investment: £5,000-£2.5m Term: Five years Guarantee: Original capital returned in full at end of term Return: Up to 70% growth in the FTSE 100 index over term Closing date: September 11, […]


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