Bright Grey and Scot Prov rebound in Q4 but annual sales fall 10%

Although business protection improved by 25% for the protection providers, parent company Royal London warned that 2011 would be another tough year for the economy. New business at the pair fell to £329m (on a present value of new business premiums basis) from £370m in 2009. The figures improved over the final quarter after posting a 19% fall nine months through the year. Royal London put the fall predominantly down to the mortgage market being ‘in the doldrums with no sign of a significant improvement.' However, it singled out one sector as performing increasingly well: "Busine...