Wesleyan announces strong 2009 results
Wesleyan Assurance Society, the financial services specialist for professionals, has announced that it enjoyed a good year in 2009 and released its financial performance figures for that year.
The firm saw new business sales rise by 11%, with ISA and unit trust sales up 59% and income protection product sales rising by 36%.
Wesleyan also increased the quantity of its funds under management by 11.7% and recorded 20.1% gross investment return on the main with profits fund.
In February Investment Director Mike Lewis attributed the strong with profits return to Wesleyan’s faith in the long term potential of equities investment, which it remained heavily invested in during previous years leaving it in a position to enjoy the rewards in 2009.
The firm also enjoyed being the sole recipient of a 10/10 rating from Cazalet Consulting’s With Profits ratings for its life office, and the ABI has recently stated that Wesleyan’s customer service is substantially above the industry average.
Chief Executive Craig Errington has described the results as being very positive, particularly in the light of ongoing economic difficulties.
Category: Financials, Insurance News
Visited 1995 times, 2 so far today
Comments (0)
Trackback URL | Comments RSS Feed
There are no comments yet. Why not be the first to speak your mind.