Royal London 360° sees recent wrap partnerships and plans for new technology enhancements as key drivers in 2012.
Bouyant sales of Royal London 360°'s international single premium bonds, PIMS and Oracle, and its international regular premium savings product, Quantum are behind a 21% increase in new business.
The Isle of Man-based offshore life company wrote £398 million of new business between 1 January and 31 December, compared to £329 million during the same period in 2010.
Recent enhancements to Quantum, including 100% premium allocation and the addition of Australian dollars as a policy currency, are proving very popular with international IFAs and distribution through UK offshore Wrap partnerships also remains strong.
The recent launch of two new Wrap partnerships with True Potential and Fusion Wealth along with planned technology enhancements are set to concrete improvements in 2012.
David Kneeshaw, Chief Executive of Royal London 360°, commented: “2011 was a fantastic year and reflected all of the hard work everyone put in to change the company, launch new products and move into new territories. This is only the beginning. We have new technology coming in this year which will vastly improve the overall service experience for advisers and customers.”
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