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Norwich Union announces 37 per cent increase in new business

Norwich Union has posted a 37 per cent increase in worldwide new business sales for the first six months of the year.

The figures reveal worldwide equivalent premium income leapt £72m to £265m for the first six months of the year, from £193m for the same period last year.

The life office reported a 36 per cent rise in new life and pensions EPI business which jumped £45m to £169m from £124m the previous year.

Investment business soared by 140 per cent with a £7m increase in new EPI business leaping to £12m from £5m the previous year.


CII widens continuous assessment for AFPC

The Chartered Insurance Institute is expanding its continuous assessmenttuition system for IFAs taking the Advanced FPC exam.The CII says continuous assessment improves IFAs&#39 chances of success withthe AFPC. It currently offers this facility on two AFPC subjects – G10taxation and trusts and G60 pensions.After April&#39s exams, it will extend its continuous assessment tuition toG20 personal […]

FSA and Treasury unhappy with OFT report

The FSA and the Treasury are believed to be unhappy with the Office of Fair Tradings report into polarisation according to a report in the Financial Times today.The FT says the implementation of the OFT&#39s recommendations could be delayed as a result.It says Government officials believe the OFT has misunderstood the effects of the recommendation. […]

Johnson Fry still searching for a partner

Johnson Fry has admitted it is no nearer to finding a suitor to inject much needed capital, reports the Financial Times.The fund manager unveiled a £1.5m loss for the first six months of the year and says the search for a new partner to invest money in the company is continuing.The options available include selling […]


Royal & SunAlliance to review life business

Royal & SunAlliance has announced a shake-up of its life assurance operations. The review will see the life office move away from its traditional business area of with-profit funds and endowment policies. The results of which will be announced in September. The news came as the RSA Group unveiled its first half year profits has […]

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


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