Friends Provident has beaten City expectations with a 40% surge in third-quarter life and pensions sales and a UK market share of 6.9% in the second quarter, says the Guardian .
Boosted by the overhaul of the pension market, total UK new business was up by 34% to £3bn in the first nine months of the year, while international operations saw new business soar by 51% to £1.6bn. The paper reports chief executive Ben Gunn as saying: "We have sustained our impressive growth rates from the first half of the year. These results clearly demonstrate our ability to drive growth in both the UK and international businesses." SOME OF Europe's biggest banks have been drawn into an investigation over whether the market for US Treasuries has been manipulated, says the Daily T...
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