Detailed worldwide investment sales analysis
| Regular | Single | PVNBP | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 3 months 2008 £m |
3 months 2007 £m |
Local currency growth1 | 3 months 2008 £m |
3 months 2007 £m |
Local currency growth1 | Local currency growth1 | |||
| UNITED KINGDOM2 | 24 | 18 | 33% | 378 | 639 | (41)% | (34)% | ||
| Netherlands (including Belgium and Germany) | - | - | - | 161 | 141 | 1% | 1% | ||
| Poland | 2 | 1 | 100% | 30 | 63 | (61)% | (59)% | ||
| Other Europe | - | - | - | 107 | 118 | (20)% | (20)% | ||
| EUROPE | 2 | 1 | 100% | 298 | 322 | (18)% | (19)% | ||
| Australia | - | - | - | 350 | 325 | (5)% | (5)% | ||
| Singapore | - | - | - | 148 | 127 | 9% | 9% | ||
| ASIA PACIFIC | - | - | - | 498 | 452 | (1)% | (1)% | ||
| Total investment sales | 26 | 19 | 37% | 1,174 | 1,413 | (22)% | (19)% | ||
- Growth rates are calculated based on constant rates of exchange.
- UK regular premium investment sales include SIPP products. These are similar in nature to pension products and their payment pattern is stable and predictable and accordingly they have been capitalised. Regular premium SIPP sales for the 3 months to 31 March 2008 totalled £8.6 million and have been capitalised using a weighted average capitalisation factor of 5.0. As such, regular premium SIPP sales have produced an overall contribution to investment sales of £43 million out of the UK investment sales of £436 million. The 2007 comparative has not been restated as the level of regular premium SIPP sales was immaterial to the group’s sales.