Supplement 2 - Analysis of UK long-term savings by distribution channel
| Single | Regular | Total | |||||
|---|---|---|---|---|---|---|---|
| 12 months to 31 Dec 2004 £m |
12 months to 31 Dec 2003 £m |
Local currency growth (1) |
12 months to 31 Dec 2004 £m |
12 months to 31 Dec 2003 £m |
Local currency growth (1) |
Local currency growth (1) |
|
| IFA | |||||||
| - life & pensions products | 4,712 | 4,031 | 17% | 414 | 420 | (1%) | 15% |
| - investment products | 392 | 382 | 3% | 1 | 2 | (50%) | 2% |
| 5,104 | 4,413 | 16% | 415 | 422 | (2%) | 14% | |
| Bancassurance partnership with RBSG | |||||||
| - life & pensions products | 398 | 439 | (9%) | 17 | 23 | (26%) | (10%) |
| - investment products | 53 | 90 | (41%) | 17 | 13 | 31% | (32%) |
| 451 | 529 | (15%) | 34 | 36 | (5%) | (14%) | |
| Other partnerships/Direct | |||||||
| - life & pensions products | 914 | 866 | 6% | 85 | 91 | (7%) | 4% |
| - investment products | 395 | 192 | 106% | 1 | 1 | - | 105% |
| 1,309 | 1,058 | 24% | 86 | 92 | (7%) | 21% | |
| Total UK long-term savings | 6,864 | 6,000 | 14% | 535 | 550 | (3%) | 13% |
| (1) Growth rates are calculated based on constant rates of exchange. | |||||||
Annual premium equivalent (1)
| Life and pensions sales | Investment sales | Total sales | ||||
|---|---|---|---|---|---|---|
| 12 months to 31 Dec 2004 £m |
Local currency growth (2) |
12 months to 31 Dec 2004 £m |
Local currency growth (2) |
12 months to 31 Dec 2004 £m |
Local currency growth (2) |
|
| IFA | 885 | 8% | 40 | - | 925 | 7% |
| Bancassurance partnership with RBSG | 57 | (15%) | 22 | - | 79 | (11%) |
| Other partnerships/Direct | 176 | (1%) | 41 | 105% | 217 | 10% |
| Total UK long-term savings | 1,118 | 5% | 103 | 26% | 1,221 | 6% |
| (1) Annual premium equivalent (APE) is the
UK industry's standard measure of new regular premiums and 10% of single premiums. (2) Growth rates are calculated based on constant rates of exchange. |
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