Winterthur Life has reported strong new business growth across its individual pensions business in the first three months of the year.
The figures released today reveal single premium personal pension business increased by 192% from £97m in 2006 to £284m in the three months ending 31 March, while income withdrawal jumped 467% to £138m from just £24m in 2006. In addition, the firm says annual premium personal pensions new business grew 113% to £3.2m, up from £1.5m in 2006, while new investment bond business grew 17% to £31m, bringing assets under management to £10.77bn up form £9.3bn in the first quarter of 2006. And in total Winterthur Life says new individual pensions business in the first three months of 2007 climbed...
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