WInterthur to introduce separate management for IFA business

The company says the new management structure, which will start on 1 January, intends to build on new insured pensions business through IFAs. Both regular and single premium business lines have grown in the first three quarters of this year against the same nine months of 2004, Winterthur states. Single preimum pension sales during the period were up at £221m against £164m last year; trustee investment plan sales hit £380m from £207m and regular premium defined contribution business jumped to £19m from £10m. Mike Kellard, chief executive officer of Winterthur Life UK, says introducing two...