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Wesleyan shows its strength

Wesleyan Assurance is publishing a free guide to financial strength aimed at investors considering with-profits policies.

The guide explains the importance of financial strength when choosing a provider.

It also highlights a study by the University of Nottingham which found that the average free-asset ratio of the 20 biggest with-profits companies fell to 7.1 per cent at the end of 2001, from 11.7 per cent in 2000 and 19.1 per cent in 1999.

It explains how product providers with greater financial strength can afford to expose themselves to the risks associated with holding equities and property and benefit in the long term from their higher returns.

Wesleyan claims it has a free-asset ratio of 15.8 per cent and holds 71 per cent in real equities. It says this compares with the average holding figure across the industry of 57 per cent of assets in equities and property.

Wesleyan chief executive Peter McNamara says: “The Wesleyan is one of the financially strongest UK life offices. This means that we have more freedom to invest for the longer term and our aim is always to produce better results and hig-her bonuses.”

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