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Standard Life Healthcare sales rise 25 per cent

Sales at Standard Life Healthcare rose 25 per cent in 2003 down from a 26 per cent rise in 2002. Annual premium income grew by 12 per cent to £194m, while the number of lives covered increased by 9 per cent to 425,000.

SLH says it is in a strong position for growth and expects a successful year in 2004, with several innovative new product launches planned.

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Standard Life Bank has moved into profit for the first time, reporting profits of £4.6m a year ahead of expectations. Mortgages under management grew from £7.2bn to £8.7bn and gross mortgage lending rose from £3.1bn to £3.4bn. SLB says it is well placed for future growth, as it now has the ability to access all […]

GE Life bids to boost release sales through IFAs

GE Life is looking to build on its pension business relationship with IFAs to boost sales in the equity-release market. Head of marketing David Lowe says he puts forward lifetime mortgages and home-reversion plans with IFAs as possible solutions to clients&#39 needs. The company is also planing an equity-release advertising campaign which is expected to […]

MGM maintains bonus rates and cuts MVAs

MGM Assurance is leaving regular bonus rates unchanged on its unitised with-profits policies. The move means bonuses continue at 3 per cent on life funds and 3.5 per cent on pension funds. The company says the move reflects its ongoing commitment as a mutual to with-profits when many other insurers such as Standard Life, Clerical […]

Angela Eagle

Turning up late to interview Labour MP Angela Eagle is not a good start. Blaming public transport and “severe weather warnings” is also inadvisable when you realise that she has worked with the Deputy Prime Minister&#39s team at the Department of Transport on “getting London moving”. But despite a somewhat frosty beginning, Eagle cuts to […]

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