Pru and Standard Life paint different pictures

clock

Prudential and Standard Life have respectively published new business figures in the past 24 hours which give a steer on how the life and pensions sector may be heading up, but less so for some than others.

Both have reported rising sales on an annual premium equivalent basis, but the gains have not been equally felt. Pru’s group insurance sales are reported as growing 26% in 2004 on 2003, to a total of £1.85bn on an APE basis. Standard Life says its total insurance APE sales were up 11% to £1.419bn - although its period actually runs for 13.5 months to 31 December 2004, reflecting the company’s decision to change its financial year-end from 15 November. In the core UK market, the differentiation is equally visible. Pru reports UK and Europe APE sales up 21%, excluding a one-off an...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Quilter Foundation sponsored charity hosts 'wishmas'

Feel Good Friday: Quilter Foundation sponsored charity hosts 'wishmas'

Event was made possible with £10,000 donation from Quilter

Professional Adviser
clock 29 November 2024 • 1 min read
Independent or restricted: What's in a name?

Independent or restricted: What's in a name?

Shifting the focus to 'regulated advice'

Anthony Carty
clock 28 November 2024 • 4 min read
Platform service worsens as cost of living spurs clients to move assets

Platform service worsens as cost of living spurs clients to move assets

'People are needing cash more than ever right now'

Sahar Nazir
clock 28 November 2024 • 2 min read