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Stabilising UK life industry reflects pensions simplification and bulk annuity market
Life industry shows signs of stabilisation and concentration in competitive environment
AM Best
May 2006 United Kingdom Investment - General, Annuities and Income Drawdown
According to insurance information service AM Best, increasing concentration and stabilisation continue to characterise the UK life industry as intense competition places unprecedented importance on scale. For 2006, AM Best expects total industry premium growth to increase by around 10%, and says that this growth mainly reflects one-off increases that have come about as a result of pensions simplification and the gradual expansion of the bulk purchase annuity market.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> May 2006 or click here (this link will not work in all circumstances). For further information about Perspective click here.

AF332153   Click here to contact the authors.
 

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