Consumer confidence in the UK financial services industry may not be moving as quickly as anticipated, according to new business figures from the Association of British Insurers.
According to ABI’s annual business figures for 2003 published yesterday, recent stock market rises have encouraged investors to make their ways back to the market, as new business figures for regular and single premium sales improved during the last quarter of 2003. However, ABI's upbeat forecast could be questioned as latest data for new business is still lower than figures released for the same period a year earlier. More people invested in a retirement package in the last three months of 2003 than in the beginning of the year, with new individual regular and new individual single ...
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