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Royal & SunAlliance reports new business increase

Royal & SunAlliance has reported an 18 per cent increase in its new business figures for its UK life, pensions and retail investments on a weighted annualised basis.

First quarter results to March 31, 1999, show a 90 per cent increase for single premium retail investment business to £53.7m from £28.3m for the same period of 1998.

Single premium life & pension business was also up 14 per cent to £198.7m from £175m for last year, while regular business grew by 12 per cent to £28.4m from £25.3m.

Total new single premium sales increased by 24 per cent to £252.4m from £203.3m for the corresponding quarter of 1998.


East Anglian IFA continues expansion programme

East Anglian based general insurance brokers and IFA the Beckett Group, has acquired Leicester insurance broker Remington Collins.It is Beckett&#39s third acquisition in 15 months and is part of the group&#39s continuing expansion plans to push both southwards and westwards from its Suffolk base.Group chairman Robert Beckett says: &#34 This is not the end of […]

Autif appoints new chairman

The Association of Unit Trusts and Investment Funds has appointed Alan Ainsworth as its new chairman.Ainsworth who is currently deputy chairman of Threadneedle Investment Services, takes up the position with immediate effect. He replaces Gartmore Fund Managers&#39 managing director Lewis McNaught.Autif has also announced the election of four new executive committee members, Hill Samuel, M&G, […]

Fleming Asset Management ISA delay an advantage

An apparent setback to Fleming Asset Management&#39s ISA – its launch was put back to 4 May due to IT difficulties- may actually turn out to work in their favour.Fleming investment sales director Phil Jefferson says: &#34The Fleming ISA will not be available until next month. We feel this is not necessarily a disadvantage. There […]

National Mutual improves SIPP contract

National Mutual has improved the flexibility of its self invested personal pension. The contract&#39s minimum insured requirement has been removed and three investment options added.Clients can now choose an insured plan where all contributions are invested, a self invested account where all contributions are invested in other funds permitted by the Inland Revenue, or a […]

US equities: opportunities for short sellers expand

Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]


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