Life offices have tripled their assets under management over the past decade, according to the lates...
Life offices have tripled their assets under management over the past decade, according to the latest Insurance Statistics Yearbook published by the Association of British Insurers (ABI). ABI spokesman Malcolm Tarling said: "This is a trend that looks set to continue with the introduction of stakeholder pensions next year, and the launch of the industry's voluntary quality mark scheme on 17 October this year." According to the ABI, insurers' investment holdings amounted to £1.09 trillion in 1999. This is three times more than 10 years ago, when companies' invested assets were £309bn. Brit...
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