Life
skandia intl q1 sales down
Skandia International’s gross sales for cross border business were down 5% in the first quarter of this year, to £427m from £449m in Q1 2013.
axa wealth intl see rise portfolio bond assets
Axa Wealth International grew offshore assets in the first quarter of this year in spite of “many challenges” continuing in the post RDR environment.
Standard Life annuity sales fall by half
Standard Life’s UK annuity sales dropped 50% following the changes announced in the Spring Budget, but the number of customers in Asia and emerging markets grew 5% in the first quarter of this year.
single premium boosts sales at rl
New business jumped by nearly a quarter last year at RL360°, with its single premium business continuing to attract significant inflows.
luxembourg life companies quietly flourish
Since the global financial crisis in 2008, a handful of life companies in Luxembourg have seen their businesses flourish, as high- and ultra-high-net worth individuals in certain European markets have turned to a type of single premium bond marketed by these insurers as a safe and tax-efficient place to park their wealth.