UK: ABI DEFENDS WITH PROFITS POLICIES
Article Abstract:
The Association of British Insurers (ABI) has defended with policies against increasing criticism and calls for tighter regulation from critics like the Consumers' Association, saying that with profits policies on average have annual earned returns of 11% after tax, and have provided millions of savers with protection against stock market volatility. However, the ABI said that it was in support of fuller disclosure so that consumers can receive all the necessary information to chose the right type of saving for themselves.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
UK: NU LIFE SUCCEEDS PRUDENTIAL AS TOP SELLER
Article Abstract:
NU Life was the top seller of new pensions and life business in the UK in 2000, while insurer Prudential fell to sixth place from first place in 1999 following a 30% drop in new business, according to a survey by 'Money Management'. NU Life is expected to dominate the market for some time, supported by CGU's successful pre-stakeholder pension and mortgage protection business. Royal & Sun Alliance's new business via IFAs increased to 86% and CGU's to 73%, while rising to 49% for MGM from 18% in 1999.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
User Contributions:
Comment about this article or add new information about this topic: