Pru UK sales flat in 2007

The group’s total UK sales stuck at £897m last year while sales in Asia soared by 44% to £1.306m. UK retail sales rose just 4% in the fourth quarter of 2007 to £715m although individual annuity sales rose 4% to £283m. Sales through intermediaries fell 26% from the same period in 2006. There was better news for with-profits annuity sales which rose 30% to £48m in 2007 while retail with-profits sales increased 21% to £231m. Meanwhile, the lifetime mortgage business was up 75% to £156m. Prudential did not include PruHealth sales in the group’s total figures but the business grew 80%...