UK: FALL IN SALES OF LIFE ASSURANCE AND PENSIONS
Article Abstract:
During the first quarter of 2000, sales of new life assurance, pensions and collective investment were down 2%. ABI figures show sales totalled GB[pound] 13bn but this was down GB[pound] 260mn than for the same period last year. The fall was blamed on a rush for personal equity plans and tax-exempt special savings accounts. Delaying the introduction of the stakeholder pension until April 2001 could also have contributed. Stakeholder pensions should help contribute to a regular increase in pensions savings.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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UK: ABBEY NATIONAL TO RECRUIT MORE ADVISERS
Article Abstract:
Abbey National will hire a further 500 managers and financial advisers to offer customers investment services in branches throughout the UK. Customers can meet face-to-face with the advisers to discuss their life assurance, investment and pension requirements. Abbey's new business grew 34% a year on average during 1998-2000, says an Abbey official. Customers are known to prefer direct contact with advisers, especially when considering complex products, he claims. Abbey aims to expand its face-to-face operations in the UK, claims an observer. Other leading companies, such as Sun Life of Canada and Britannic, are cutting their adviser sales teams.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: AUTIF URGES TARGETING OF YOUNG ADULTS
Article Abstract:
The Association of Unit Trusts and Investment Funds (Autif) is calling for financial issue awareness campaigns to focus on young adults, after a survey revealed that the 15-24 age group in the UK was more open to be educated on financial products, than older groups. Some 47% of the 15-24 age group claimed that they were not interested in learning about financial products, compared to 60% of 25-34 year olds and 72% of 45-54 year olds.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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