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Pru posts small rise in business

Prudential saw only slight growth in 1998 with group total new business up 1.89 per cent on 1997 to £1.19 bn.

New business was 13 per cent up on 1997 at £785m which Prudential attributes to a strong performance from IFA channels.

World-wide regular premiums remained unchanged at £468 m before the impact of foreign currency movements. Sales of world-wide single premiums were up 7 per cent to £7.2 bn.

Group chief executive Sir Peter Davis says: &#34Against a backdrop of economic uncertainty in international markets, 1998&#39s new business figures are a credible performance which reflect the benefits of our ongoing strategy both in the UK and overseas.&#34


Pro-life fund tops ethical charts

The first ethical unit trust in the UK to be based upon rigorous pro-life investment criteria has topped the list of ethical unit trusts according to Datastream.The CF Banner Real Life Unit Trust gained 11.9 per cent in value over the two months to January 12 1999. Friends Provident&#39s and Scottish Equitable&#39s ethical trusts both […]

Norwich City gets £200,000 bonus from Norwich & Peterborough

Norwich City Football Club is celebrating receiving a bonus payment from Norwich and Peterborough Building Society worth more than £200,000.The bonus represents 1 per cent of the average balance invested by Norwich City fans in the society&#39s Canary Account during 1998.


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