Pension sales up at Winterthur

Professional Adviser
clock

Following its parent Credit Suisse's lead of three weeks ago, Winterthur Life has reported another q...

Following its parent Credit Suisse's lead of three weeks ago, Winterthur Life has reported another quarter of growing business as sales of stakeholder and DC policies saw big increases. Sales of group stakeholder and DC pensions respectively grew by 261% to £5m and 169% to £9m. Overall new insured single premium pensions business gained 21% on the same quarter last year to £329m. Credit Suisse, which owns Winterthur Group, which owns Winterthur Life UK, earlier this month reported its second straight profitable quarter. Much of the gains has come through job cuts...

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 uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •