Our UK team was able to complete sales of PS104m of bulk annuity transactions above our hurdle rate (no bulk annuity transactions in the first half of 2013) and to significantly increase sales of
with-profits bonds by 25% as retail annuity sales decreased by 43%.
Intermediary partners are the primary route to market for a range of products and services that includes individual annuities, individual and corporate pensions,
with-profits bonds, onshore and offshore bonds, savings and investments, healthcare and protection products.
Even when shares perk up, many
with-profits bonds struggle to gain much benefit.
AN army of small investors will soon be looking for a new home to store their billions of pounds of savings, as they grab the chance to withdraw money from poorly-performing
with-profits bonds without paying a penalty.
Sales of its
with-profits bonds almost trebled to pounds 74m.
Sales of its
with-profits bonds almost trebled to pounds 74m, reflecting demand for "diversified" investments.
A decade ago
With-Profits Bonds appeared to offer a genuinely attractive avenue into the potentially flourishing returns of the stock market.
They hold either
with-profits bonds, endowments or pensions.
Q I'VE surrendered my
with-profits bonds, but want to keep a rainy-day fund in a high-interest deposit account.
With-profits bonds are a poor option for most people.
A STOCKMARKET volatility means that
with-profits bonds no longer provide the high level of returns they used to.
Investors will be keen to hear what impact falling sales of ISAs and
with-profits bonds have had on insurance giant Legal & General when it reports first-half figures on Thursday.
