Consumers are returning to the savings markets, argues the Association of British Insurers, as the total amount of new business has increased in the first half of this year by 6%.
However, this appears to be in stark contrast to investment statistics published last week by the Investment Management Association, which show take-up of investment funds is still falling, as most investors appear to be opting for cash over equities. Breakdown of the latest ABI new life and pensions business data for the first half of 2004, show an overall rise of 6% compared with the same period 2003, however, further analysis of these figures reveals this is largely as a result of huge gains in the collective investment market – single premium CIS sales are at their highest annualised...
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