Resolution sales stutter as group shuns 'unattractive' pre-RDR offers

clock •

The UK division of life insurance consolidator Resolution saw a drop in sales after the group shied away from "unattractive" business in the lead up to the Retail Distribution Review (RDR).

Sales totalled £142m in the first three months of 2013, on an annual premium equivalent basis, down 18% on the £173m recorded in the same period last year. Most of the damage was felt in its corporate benefits division, where sales were £109m in the period, against £146m last year. However, the group said part of this drop-off could be attributed to a strategic decision to secure auto-enrolment mandates from existing customers and not to pursue non-profitable new schemes in the second half of 2012, where "significant activity" by commission-paying providers and aggressive fee-based pr...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Baillie Gifford workforce faces 10% reduction following voluntary exit programme

Baillie Gifford workforce faces 10% reduction following voluntary exit programme

Around 160 roles vacated

clock 23 September 2026 • 1 min read
Nine SJP funds flagged for underperformance in AoV despite improvements on last year

Nine SJP funds flagged for underperformance in AoV despite improvements on last year

89% of assets given green light

Alex Sebastian
clock 22 September 2026 • 2 min read
The human advantage in an AI-powered asset management industry

The human advantage in an AI-powered asset management industry

'AI should be used to enhance, not replace, human engagement'

Apiramy Jeyarajah
clock 22 September 2026 • 5 min read