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Pru reports strong life and Egg growth

Prudential is reporting strong growth in its life and pensions figures, as well as ongoing growth at internet bank Egg.

Group-wide insurance and investment sales rocketed 61 per cent to £12.3bn in 1999, while total UK insurance and investment premiums also soared 61 per cent to £7.4bn.

UK sales were showing an increase of 38 per cent and worldwide new business was up 37 per cent.

Meanwhile Egg added 100,000 new customers in the fourth quarter of 1999 and now has an asset book of £2bn.


Chasm between investment performances

The difference between the best and worst-performing UK funds over the last three years is as much as 264 per cent, according to financial adviser Best Investment.Best reports the worst performing UK fund is the Ballie Gifford Smaller Companies, which increased by just 15 per cent, in its recently published guide to stockmarket funds.The best […]


Equitable Life could be stung with a £1.5bn bill after seeming to lose its long-running legal battle on guaranteed annuities in the Court of Appeal.A panel of judges ruled by a two-to-one majority Equitable Life&#39s move to cut 90,000 pension bonuses was unlawful. The life office had wanted to cut the bonuses of guaranteed annuity […]

Perpetual set for “barren year”

Former IFA favourite Perpetual is set for a barren end of year Isa season following another year of poor performance.The fund manager missed out on last year&#39s final Pep season rush because of bad performance in 1998. But with more than half of its 21 funds coming in the bottom half of their sector in […]

Gay groups call for equal transfer rights over IHT

Gay rights campaigners are threatening to reduce the UK&#39s inheritance tax regime to rubble by demanding equal transfer rights for thousands of unmarried couples in the wake of new human rights legislation.The introduction of the Human Rights Act, which incorporates the European Convention on Human Rights into UK law in October, could force the Government […]

Inheritance tax when it is relevant

Neil Jones is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. A trust can offer significant advantages when an individual is […]


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