Supplement 5 - Analysis of UK long-term savings by distribution channel

	Single			Regular			Total
	3 months to 31 March 2005 £m	3 months to 31 March 2004 £m	Local currency growth¹	3 months to 31 March 2005 £m	3 months to 31 March 2004 £m	Local currency growth¹	Local currency growth¹
IFA
- life & pensions products	1,147	1,035	11%	92	101	(9%)	9%
- investment products	108	103	5%	-	-	-	5%
	1,255	1,138	10%	92	101	(9%)	9%
Bancassurance partnership with RBSG
- life & pensions products	102	99	3%	4	4	-	3%
- investment products	15	16	(6%)	3	9	(67%)	(28%)
	117	115	2%	7	13	(46%)	(3%)
Other partnerships/Direct
- life & pensions products	294	321	(8%)	20	24	(17%)	(9%)
- investment products	83	124	(33%)	-	-	-	(33%)
	377	445	(15%)	20	24	(17%)	(15%)

Total UK long-term savings	1,749	1,698	3%	119	138	(14%)	2%
Growth rates are calculated based on constant rates of exchange.

	Life and pensions sales		Investment sales		Total sales
	3 months to 31 March 2005 £m	Local currency growth²	3 months to 31 March 2005 £m	Local currency growth²	3 months to 31 March 2005 £m	Local currency growth²
IFA	207	1%	11	10%	218	1%
Bancassurance partnership with RBSG	14	1%	5	(61%)	19	(25%)
Other partnerships/Direct	49	(13%)	8	(33%)	57	(16%)
Total UK long-term savings	270	(2%)	24	(30%)	294	(5%)
Annual premium equivalent (APE) is the UK industry’s standard measure of new regular premiums and 10% of single premiums. Growth rates are calculated based on constant rates of exchange.

More information