Baby boomers fuelling traded policy growth

PSL says the large number of US citizens wishing to sell their life policies has resulted in 94% growth of its assured fund over the past 12 months. It says the fund held 116 policies in March 2007, but this has now risen to 229 with returns of almost 10% per annum. Rogan Redfarn, business development director at PSL, comments: “Whereas the FTSE 100 Index fell by 11.72% in the three months to the end of February, Assured actually grew by 2.06%, with no risk to capital, and by 9.06% over the 12 months to the end of February 2008.” He says the large number of people reaching retirement age...