Life - Articles - 21% increase in new business for Royal London 360°

 Royal London 360° has recorded an increase in new business of 21%* in 2011.

 
 The Isle of Man-based offshore life company wrote £398 million of new business between 1 January and 31 December, compared to £329 million during the same period in 2010.

 
 Royal London 360°’s excellent new business results reflect strong performance across much of the product range, including exceptional sales of its international single premium bonds PIMS and Oracle**, and its international regular premium savings product, Quantum.

 
 Recent enhancements to Quantum, including 100% premium allocation and the addition of Australian dollars as a policy currency, are already proving very popular with international IFAs. It is expected this will further contribute to new business results in 2012.

 
 Distribution through UK offshore Wrap partnerships also remains strong; it is expected this will further increase in 2012 following the recent launch of two new Wrap partnerships with True Potential and Fusion Wealth.
 David Kneeshaw, Chief Executive of Royal London 360°, commented: “2011 was a fantastic year and reflected all of the hard work everyone put in to change the company, launch new products and move into new territories. This is only the beginning. We have new technology coming in this year which will vastly improve the overall service experience for advisers and customers.”