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Life offices unconcerned about ABI figures

Life offices say they are unconcerned by the ABI&#39s third quarter figures which revealed a 21 per cent drop in pension sales.

Life offices say sales dropped in the second quarter because of the Far East crisis but picked up from September when consumer fears of recession eased.

They also say that a change in data collection has been responsible for the low figure.

Standard Life general manager John Hylands says: &#34We will be publishing our third quarter figures soon and without giving too much away they will show pension sales have been largely unaffected.&#34

Scottish Amicable director of pension development John Glendinning says: &#34It doesn&#39t feel like we are experiencing a big drop in business. Pension drawdown and executive pension business has actually been growing.&#34


Royal & SunAlliance rehires former top salesman

Royal & Sun Alliance International Financial Services has recruited its former top salesman as regional sales manager for the central London region.Mark Hurley was an executive broker consultant with Royal & Sun Alliance before becoming account manager at Canada Life.He was Royal & Sun Alliance&#39s top salesman in 1992 and 1993.RSAIFS is also relocating taxation […]

PIA strikes off two and fines four

The PIA is terminating the membership of two investment firms and issuing fines totalling £32,000 to another four.Broadpulse Limited&#39s membership is being terminated because it was struck off the register maintained under The Companies Act 1985 by the Register of Companies.The Financial Partnership is being expelled for failing to obey an earlier Order of the […]


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