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Prudential first quarter business up 29 per cent

Prudential first quarter business results are up 29 per cent to £642m from £498m equivalent premium income. In the UK sales were up on the first quarter of 2000 to £226m from £205m EPI. Sales through intermediaries also rose, up 14 per cent to £109m from £95.6m EPI. While annuity sales through intermediaries jumped 108 per cent to £25m EPI from £12m on the first quarter of 2000. Sales of individual pension products were also up 67 per cent to £20m from £11.9m.


Flying in the farce of adversity

My last column was a comment on the number of reviews with which we are all deluged. Since then, response on the regulation of long-term care has gone out of the door marked Exit to be replaced by the FSA consultation on the compensation scheme coming in through the French windows in the best traditions […]

Give clients a great deal on the web

By last October, one-third of UK households were estimated to be using the internet to buy goods and services. It is anticipated that this will have a huge impact on the online financial services industry, which could be worth up to £50bn by 2005. A host of financial service providers have sprung up on the […]

NPI goes on the road in Wiltshire

Over 1,000 people attended recent NPI roadshows for the Wiltshire County Council pension fund scheme members. The roadshows advised the scheme members on how they could maximise their pension benefits. The move was taken by the council amid fears its members would reach retirement having not been informed on ways of enhancing their benefits. The […]

NU cross-subsidy for stakeholder

Norwich Union is to cross-subsidise a 5.75 per cent bonus rate on its with-profits stakeholder plan with funds from its traditional with-profits fund if the stakeholder version should underperform. Existing with-profits policyholders will not receive any reward for funding the returns but NU believes the chance of having to make a payout is slim. Industry […]


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