Winterthur announced sales in its new individual pensions business rose 22% last year to £1.93bn.
Single premium personal pensions sales rose 38% to £1.05bn while income withdrawal sales rose to £537m and annual premium personal pensions grew 7% to £13.6m.
Mike Kellard, chief executive officer of Axa and Winterthur Wealth Management, says: “I believe in today's uncertain economic climate, people are choosing a proposition that offers both flexibility and choice.”
Meanwhile, investment bond sales rose 7% to £112m and assets under management rose almost 10% to £11.45bn.
Paul Evans, chief executive officer of Axa Life, says: "Winterthur has helped Axa improve its market share in the IFA wealth management sector.”
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