View more on these topics

Scot Prov&#39s new business up 19 per cent

Scottish Provident UK new business figures are up 19 per cent on 1997.


Annualised premiums rose to £69m from £58m in 1997. Worldwide business was up by 32 per cent to £153m from £116m in 1997.


The life office believes the figures reinforce its commitment to remaining mutual.


Group managing director David Woods says: &#34Scottish Provident UK&#39s focus on protection products has been remarkably but deservedly successful and continues to make an enormous contribution to the overall success of the group.


&#34Our profitable new business growth demonstrates that mutual which have developed a clear strategy can achieve success in their chosen markets.&#34

Recommended

Aberdeen Prolific Unit Trust Managers offer last Pep and first ISA

Aberdeen Prolific Unit Trust Managers is offering a last Pep and first ISA discount of up to 1.5 per cent on the ISA for people investing the full £6,000 in a 1998/99 Pep and £7,000 in a 1999/2000 maxi ISA. There is a choice of 15 Pep funds and 25 ISA funds and the offer […]

Lincoln offers 2 per cent discount on applications before January

Lincoln Financial Group is offering a 2 per cent discount on Pep applications received before the end of this month.The discount is available on all of its trusts but the group is predicting that its Income Trust will be the most popular.Investment marketing manager Rob Merrick says: &#34There will be no Pep next year for […]

Net mortgage advances in December fall to lowest in 1998

The latest Building Societies Association figures shows gross mortgage advances falling to £1,487m in December 1998 from £1,622m in November.The net figure fell to £120m from £534m, the lowest monthly figure for the whole of last year. But in seasonally adjusted terms, the drop was only slight with net advances down to £527m in December […]

Old Mutual set for off-shore merger

Old Mutual is reviewing its Isle of Man offshore business which could lead to its sale or merger into one of its other off-shore arms.The company is reviewing the structure of its off-shore companies following the closure of the Isle of Man life subsidiary to new business in September 1998.Old Mutual is also reviewing its […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment