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Wesleyan new life and pensions business up 34 per cent

Wesleyan grew its new life and pensions business by 34 per cent to £12.2m in 1998 from £9.1m boosted by strong sales of annual premium products.

The life offices increased its new annual premium pension business by 49 per cent to £4.02m from £2.69m. Its new annual premium life business rose 29 per cent to £7.23m from £5.62m.


Buy-to-let mortgage sales on the rise

Over £1.7bn of property has been bought through buy-to-let mortgage schemes since 1996 according to the Association of Residential Letting Agents.It says that in the three months to January 1999, 4,609 buy-to-let mortgages worth over £330m were completed. This figure represents a growth of 36 per cent from the previous three months.The average cost of […]

CIS makes ethical fund available as ISA

CIS says that it is making its Environ ethical and ecological fund available as an ISA from the April 6 start date this year.The ISA will be available to investors who contribute a lump sum of £500 or £50 a month.The life office believes it is among the first to announce an ethical ISA prodcut.

Scot Life ups allocation rate on 25-year endowment plans

Scottish Life is increasing the allocation rates on new 25 year endowment plans by 2.5 per cent.The life office is boosting the allocation rates on all new endowment plans taken out between 21 and 29 years by varying rates. It is also increasing the subsequent allocation rates on all endowments by 2.25 per cent.But the […]

Wesleyan offers discount on Peps

Wesleyan Assurance Company is offering a 1 per cent discount on all Pep applications it receives before April 1.It is also allowing customers to switch their Peps to ISAs with no transfer charges.Investment director Mike Lewis says: &#34Our Peps and growth trusts have already achieved outstanding growth since launch and the discount promotion on our […]


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