Company News
2003
New Business figures for the year ended 31 December 2002
23/01/2003
Substantial increase in Wealth Management Services
While the long term business fell as a result of the difficult investment conditions, fees from the successful Wealth Management Services more than doubled.
| Long Term Savings | ||
|---|---|---|
| New Business* | £154.7 million | -22% |
| New Lump Sums * New Sums Assured Funds under Management |
£1.0 billion £4.6 billion £5.9 billion |
|
| Wealth Management Services | ||
| Gross fees generated | £11.7 million | +134% |
| Total mortgages arranged New bank credit balances |
£2.2 billion £194 million |
|
| * see note 1 |
Mike Wilson, Chief Executive, commented:
“We are delighted that business from our Wealth Management Services has increased each quarter, confirming the appeal to clients of dealing face-to-face with experienced advisers.”
- END -
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