Prudential's UK retail sales rose by 10% during 2008, while overall sales for the group climbed 5%.
The firm says its retirement-led strategy and international presence has helped its performance during a turbulent year. UK Retail sales climbed to £803m during 2008, while group sales climbed 5% to £3.02bn, though the weakness of sterling meant local currency growth was just 1%. Individual pension sales saw strong growth, up 6% to £38m in 2008, while corporate pensions performed poorly, up just 1% to £249. With -profits bond sales increased by 139% to £98m, and Prudential says the product will continue to grow as consumers seek to protect themselves from market downturns. Prudentia...
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