LV= predicts equity release and income protection growth post-RDR

Retirement business reported 14% growth in sales to £114m, up from £100m in 2010. Protection business was up 18% to £28m, it was £23.7m in 2010. Life and pensions managing director Richard Rowney said he was pleased with the results "despite a challenging economic backdrop and preparations we've needed to make for significant regulatory changes". He said the business was committed to listening to advisers and providing appropriate products, alongside technical advice. LV= also predicts both equity release and income protection will increasingly be utilised by advisers post-RDR. ...