Sales up and charges down at the Pru

Click to follow
The Independent Online

Insurance company Prudential has announced a small rise in new insurance and investment sales, as well as revealing that it is to cut pension charges.

Insurance company Prudential has announced a small rise in new insurance and investment sales, as well as revealing that it is to cut pension charges.

The group said insurance and investment sales had come in at £9.8 billion in the first nine months of the year, a rise of 5% over the previous year.

A good overseas performance did something to hide the damage done by a relatively poor performance in the British market. Chief executive Jonathan Bloomer said: "Our new business figures reflect the benefits of our international diversification.

The company also announced that from April 2001, customers holdng personal pension plans will benefit from annual charges of less than 1%.

The cuts will be made before the Government announces its own low charge stakeholder pension next year.

Comments