Wesleyan with-profits bonds sales up 76%

clock

Wesleyan Assurance Society, the financial services specialists for the medical, dental, legal and teaching professions, announced a 76% increase in sales of with-profits bonds during 2007.

The Society also achieved a 24.9% increase in new annualised premiums (new annual premiums plus 10% of single premiums) after allowing for exceptional items. Craig Errington, Wesleyan’s chief executive, says: “2007 has been a year of steady and successful growth for Wesleyan. As the general economic outlook remains uncertain, people will want to think carefully about where to invest their cash. “Wesleyan’s financial strength underpins our success in the with-profits market; also as a mutual we are able to pass on any profits directly to our customers as there are no shareholders to cons...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PA Asks: How far would you travel to a client meeting?

PA Asks: How far would you travel to a client meeting?

Plus, targeted support worries and BDMs

Professional Adviser
clock 03 July 2025 • 1 min read
Aveni forms AI advisory board with wealth management leaders

Aveni forms AI advisory board with wealth management leaders

Senior execs from Aviva’s Succession Wealth, Schroders Personal Wealth, 7IM and Rathbones join forum

Sahar Nazir
clock 01 July 2025 • 2 min read
Majority of UK wealth management sector eyes acquisitions this year

Majority of UK wealth management sector eyes acquisitions this year

Continued appetite and momentum in M&A space

Isabel Baxter
clock 30 June 2025 • 3 min read