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Life and pensions business up 4.3 per cent in Q4 – ABI figures

New life and pensions business rose 4.3 per cent to £2.45bn annual premium equivalent in the final quarter of 2003, up from £2.35bn in Q3 of 2003, according to figures from the ABI.

But the Q4 of 2003 figure was 4 per cent down on the £2.55bn sales achieved in the same quarter of 2002.

ABI head of life and pensions Chris Kenny says: “The last quarter of 2003 showed some definite and encouraging signs of improvement. Both individual regular and single premium business increased in the last 3 months of 2003 compared with third quarter, as did group business.”

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