Not sure if it's just me that has a good laugh about this, but I've managed to spend an amusing late morning musing on the latest results announcements from Aviva and Standard Life.
Apparently all remains well at both companies as their new business volumes are up again – this time UK sales are up by 25% and 54% respectively. Now, surely to goodness no-one really believes that all is as rosy in the garden as all this. I spent some time this morning with a major UK life company who openly conceded that net volumes are falling. Now while that particular organisation seems to be operating on prudent basis, I just cannot see how a sector which is pretty much static in terms of total assets under management can see new business grow so spectacularly year-on-year for what ...
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