Article: Life assurers face mixed fortunes.

Byline: Jonas Crosland

SUMMARY: Moves to preserve capital are taking their toll on sales

UK life assurers have put on a brave face in the wake of third-quarter earnings, but overall picture so far this year contains some worrying trends alongside a few bright spots.

On the plus side, the biggest boost has come from a rise in equity values resulting in significantly improved investment returns, and encouraging investors to give more money to the life assurers. Legal & General boosted funds under management by 14 per cent to GBP311bn in the first nine months of the year. And at Prudential the M&G investment business recorded a record net inflow of ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!