Friends Provident reported a 2% increase in life and pension sales for its international business in 2009, to £465.2m, compared to the previous year.
New business in Q4 across the three international arms of the group - Friends Provident International (FPI), Lombard, and Amlife - was £256.1m, up from £180m for the same period in 2008. This was a year on year increase of 42%. Friends Provident International (FPI) reported sales of £182.6m for the whole of 2009, down 13% compared to 2008. However, Q4 2009 new business at FPI rose by 30% to £53.8m from £41.4m in the last three months of 2008. Lombard brought in £273m of new business in 2009, and AmLife £9.1m, accounting for over half of group new business sales for the year. In...
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
