Aviva plc: Worldwide long-term savings new business– 12 months to 31 December 2008
4 – Detailed worldwide investment sales analysis
| Regular | Single | PVNBP | |||||
|---|---|---|---|---|---|---|---|
| 12 months 2008 £m |
12 months 2007 £m |
Local currency growth | 12 months 2008 £m |
12 months 2007 £m |
Local currency growth | Local currency growth | |
| UNITED KINGDOM1 | 77 | 81 | (5)% | 1,320 | 2,531 | (48)% | (46)% |
| Netherlands (including Belgium and Germany) | - | - | - | 304 | 811 | (68)% | (68)% |
| Poland | 7 | 4 | 50% | 57 | 264 | (83)% | (81)% |
| Other Europe | - | - | - | 396 | 493 | (31)% | (31)% |
| EUROPE | 7 | 4 | 50% | 757 | 1,568 | (59)% | (59)% |
| Australia | - | - | - | 1,411 | 1,961 | (34)% | (34)% |
| Singapore | - | - | - | 335 | 699 | (59)% | (59)% |
| ASIA PACIFIC | - | - | - | 1,746 | 2,660 | (41)% | (41)% |
| Total investment sales | 84 | 85 | (2)% | 3,823 | 6,759 | (48)% | (47)% |
- 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 12 months to 31 December 2008 totalled £22 million (2007: £35 million) and have been capitalised using a weighted average capitalisation factor of 5.0 (2007: 5.0). As such, regular premium SIPP sales have produced an overall contribution to investment sales of £110 million (2007: £174 million) out of the UK investment sales of £1,485 million (2007: £2,751 million).
