View more on these topics

Pension sales strength underpins Winterthur

Winterthur saw a 22 per cent rise in individual pension new business last year from £1.6bn to £1.9bn.

The company says the increase this is predominantly due to the success of its single- premium proposition.

Assets under management rose from £10.4bn in quarter four 2006 to £11.4bn at the end of December 2007.

Single-premium personal pensions business increased by 38 per cent from £761m to £1bn, while income withdrawal saw a 54 per cent rise from £348m in 2006 to £537m last year.

Annual-premium pers- onal pension business grew by 7 per cent, from £12.8m to £13.6m. Investment bond business increased by 7 per cent from £104m in 2006 to £112m last year.

Axa & Winterthur Wealth Management CEO Mike Kell- ard says: “I am delighted to report another year of strong business growth for Wint-erthur. In today’s uncertain climate, people are choosing a proposition that offers both flexibility and choice.”

Axa Life chief executive Paul Evans says: “Winterthur has helped Axa improve its market share in the IFA wealth management sector, delivering another year of strong performance.”


One in 10 pension savers will stop or reduce pension contributions

One in 10 pension savers will stop or reduce their contributions over the next 12 months due to the current market volatility.Research from private client portfolio manager Brewin Dolphin found that those aged 25 to 34 are most likely to take a break or reduce their pension contributions.Of those surveyed, 5 per cent said they […]

Hudson-Lund in for Eppinger at IFDS

Simon Hudson-Lund is succeeding Charlie Eppinger as chief executive at International Financial Data Services. Currently chief operating officer, Hudson-Lund joined IFDS in 2003 as managing director.

MetLife cuts annual fee for trustee plan clients

MetLife is reducing the ann- ual management charge of its trustee investment plan from 0.95 per cent to 0.5 per cent for all new and existing customers.MetLife moved into the UK market a year ago and says it is now aiming to expand further in the corporate market.Following the charge change, the company will offer […]

Interbank rates aggravated by Northern Rock cash flow, says Ward

New Star economist Simon Ward says the upward pressure on interbank interest rates has been aggravated by a flow of cash back to Northern Rock.He says: “Other banks benefited from Northern Rock’s woes last autumn, as savers withdrew funds from the troubled lender and redeposited them elsewhere. Now, the reverse flow is occurring, with savers […]


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