WINTERTHUR has enjoyed sharp growth in new individual pensions business in the six months to the end of June, second quarter business results from the wealth management arm reveal.
In the UK pensions segment, single premium personal pensions were up 132pc to £568m, income withdrawal was up 215pc to £286m, and annual premium personal pensions were up 51pc to £7.5m. Meanwhile, in the UK investments sector, new investment bond business grew 13pc to £58m. The CEO at AXA and Winterthur Wealth Management, Mike Kellard, said: “I am pleased to be able to report another strong set of business results for Winterthur’s wealth management business. "While A-Day has continued to drive sales, Winterthur’s overall market proposition – aligned to quality IFAs and their high n...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
