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The Actuary The magazine of the Institute & Faculty of Actuaries

Strong sales of pensions business

All the work which went into preparing for A-day on 6 April 2006 appears to have borne some fruit as insurer after insurer reported strong sales of pensions business for the first half of the year. All of Aegon, Aviva, Friends Provident, Standard Life, and Winterthur Life reported substantial increases in new pensions business, in some cases more than 50% up on 2005. The exception appeared to be Prudential, which attracted criticism for an apparently poor UK performance.