Royal London has reported new business sales up 12% so far in 2011, driven higher by strong performance of its international arm, Royal London 360.
Total new life and pensions business at the group, on a PVNBP basis, for the nine months to September rose to £2,595m, up from £2,318m for the same period in 2010. Strong new business in the group's offshore arm, Royal London 360˚, which was up 32% to £308m from £233m a year earlier helped boost performance. The group said Royal London 360's recently launched international single premium investment bond, Oracle, its single premium portfolio bond, PIMS, and its regular premium savings product, Quantum helped drive positive new business figures. Distribution through UK wrap partners...
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