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NU International hits record new business levels in Q3

Norwich Union International hit new business levels of £243m by Q3 of 2005.

The figures show an increase of 41 per cent on the same period last year for the Dublin based firm.

NU International marketing director Paul Sherlin says: “Our third quarter reached record sales of over £96m and we can attribute much of this to the strength of our with-profit, property and multi-manager funds.

We are determined to continue this trend and have recently launched special offers on our unit linked products and are reintroducing a special offer of a free of charge 5-year money-back guarantee on new investments into our with-profit funds”.


Tax offsets in the air as investors get wind of ethical opportunities

German wind power could inflate income for investors. The new Keydata Nielebock wind power limited liability partnership has an 18-year agreement with the Neilebock wind farm in Madeburg, Germany, to generate an annual income of 6 per cent. The wind farm has been generating revenues since 2003 through long-term power sale agreements. The LLP allows […]

ABI/Aifa give new advice on redress

The ABI and Aifa are renewing their defences against claims management firms with new guidance telling members to compensate consumers direct. The trade bodies want to raise awareness that consumers can deal with firms directly for free and do not have to hire claims management firms, which on average will take a quarter of their […]

Harrison quits Credit Suisse for Threadneedle

Credit Suisse income manager Leigh Harrison has quit the firm and is rumoured to be joining Threadneedle.Harrison took over running of the fund from top-performer Bill Mott, while Threadneedle suffered the departure of UK equity manager Graham Kitchen to Henderson earlier this year. Threadneedle are expected to announce the signing at noon today.

Law Society support for lawyers producing Hips

The Law Society is planning to develop a product enabling solicitors to prepare home information packs for consumers selling their homes.The Government is planning to introduce Hips in 2007, and the Law Society will offer a fast online service, and will be fully compliant.As the rules are not yet in place, the Society does not […]


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