View more on these topics

Pegasus sees sales soar by 51%

Protection specialist Pegasus achieved a 51 per cent leap in new business last year, with sums assured breaking the £163.4bn mark for the first time.

New policies totalled 25,302, up from 16,756 in 1999.

The healthcare arm of Scottish Mutual says its success is due mainly to the popularity of its long-term care and critical-illness cover buyback options with IFA clients.

It says 27 per cent of new policyholders last year chose the CI cover buyback option, which allows customers who have made a critical-illness claim to continue being covered against a smaller range of illnesses including cancer, heart attack and stroke. This figure was ahead of the 10 per cent goal set when the option was launched in July 1999.

Product development manager Nick Kirwan says: “Last year was our best ever in terms of new business volumes. The dramatic increase in our new business was helped by the fact we launched a number of product innovations in 1999.

“We maintained our momentum with the launch in October of our wealth preservation plan, which is aimed at high-net-worth individuals looking to protect the value of their estate from inheritance tax.”


Royal London to unlock orphan assets

Royal London is in discussions with the FSA to unlock around £65m of orphan assets acquired from a subsidiary company. The assets come from Refuge Assurance, which Royal took over when it bought United Assurance for £1.6bn last April. Refuge Assurance merged with United Friendly in 1996. The move follows Axa’s successful court case to […]

Fund firms in 11th-hour bids to boost Isa sales

The UK&#39s biggest fund managers are adopting emergency tactics in a bid to buck current bear market sentiment and boost last-minute Isa sales. Threadneedle Investments is urging clients to invest in its cautious managed fund rather than waste their Isa allowance. It says it will then offer free switches into any of its other funds […]

The Daley Update

Edinburgh Fund Managers has established a range of last-minute Isa collection points for IFAs at Dundee, Reading, Newcastle, Chester, Manchester, Leeds, London and Edinburgh. They will be open until 5pm on April 5 except for Dundee which will close at 4pm. Online applications can be lodged until 11pm on April 5, at LeggMason Investors […]

Selector Isa from Govett

Govett Investments has introduced the Govett Isa Selector, an individual savings account that aims to deliver capital growth, income or a combination of the two.The Isa provides a range of 17 funds and investors can choose a single fund or as many as they like up to the maximum of 17 funds.The funds offer a […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm