Worldwide sales at Aviva rose by 22% to £22.7bn during the first nine months of the year, driven by a record performance in its domestic UK market, reports the Times.
Aviva said new business profits globally had risen by 16% to £666m over the nine months to the end of September and margins had remained strong at 3.5%.
It said sales of investment products rose by 54% to nearly £3.6bn, with bancassurance sales up a quarter to almost £5.8bn, says the paper.
While Aviva noted international sales were 11% higher at £12.3bn, it highlighted its strength in the UK, where total sales of insurance and savings products jumped by 39% to nearly £10.5bn.
MORE THAN 10% of Standard Life's eligible with-profits policyholders have still not claimed their shares following the life and pensions company's flotation earlier this year, according to the Scotsman.
Figures state 262,992 of the 2.4 million eligible policyholders have still not registered for shares.
The number of shares remaining unclaimed is some 92 million, or 4.6% of the total issued shares, equivalent to around £262m.
But a spokesman for the group said policyholders are coming forward at a rate of 10,000 a month.
CHANCELLOR GORDON Brown has given a strong indication Britain's economic growth in 2006 will exceed his forecast of 2%-2.5%, says the Daily Telegraph.
Brown also expressed hope stalled talks on a world trade deal may regain momentum following mid-term congressional elections in the US.
The chancellor said final growth data would "surprise people who thought last year we would be entering a period of low growth”.
Last Friday, the Office for National Statistics said GDP growth held steady at 0.7% in the three months to September, confounding market forecasts of a slowdown to 0.6% and lifting the annual rate to 2.8%.
This is the fastest yearly pace since the third quarter of 2004 and marks the fourth consecutive quarter of growth running above its long-run trend. Full-year 2006 growth now looks set to exceed Brown's budget forecast of 2%-2.5%.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Emily Perryman on 020 7968 4554 or email [email protected].IFAonline
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