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 implemented since 2001, and which are still occurring outside the UK – Winterthur last week announced the closure of six service centres in Switzerland.
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