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Winterthur reports strong sales growth in 2003 full year results

Winterthur Life is showing strong growth in new insured single premium pensions business sold through IFAs for 2003.
It has reported that sales are up 15 per cent to £669m compared to 2002. Over the same period group personal pension business increased 22 per cent and defined contribution pensions went up 194 per cent. However, income drawdown fell by 5 per cent.
Winterthur Life UK chief executive Mike Kellard says: “The figures validate that the 194 per cent growth experienced by Winterthur Life UK over the past three years was not just short term success but part of an on-going programme to grow the UK business on a sustainable platform. Winterthur has yet again swum against the tide and demonstrated growth is achievable even in the most difficult of markets.”

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