Year-on-year sales rise for Wesleyan

Wesleyan Assurance Society has reported sales growth for the three months ending 31 March 2012.

Wesleyan has shown year-on-year growth in new business, with sales increasing by 54% since 2008.

Speaking at its AGM, chairman Bryan Jackson, said: “Wesleyan continues on its path of strong growth and I’m pleased to report that the first quarter results show a positive start to 2012. We have a skilled and committed management team in place and we are driving the business forward in a prudent and sustainable way to benefit members, customers and staff.

“There has never been a greater need for a specialist financial service like ours as our customers are facing major changes in their profession from the review of public sector pensions through to legislation like the Legal Services Act and the Health and Social Care Bill. I’m confident that we still have plenty of opportunity to grow our business within the professional markets we serve.”

Craig Errington, Wesleyan’s chief executive, said: “2012 has got off to a great start for Wesleyan. We’ve seen a particular increase in sales of savings and pensions products.

“The uncertainty with public sector pensions, combined with changes to pension tax legislation, has encouraged more of our customers to review their retirement plans and they value both our specialist knowledge and high performing products, which are backed by our mutual values and financial strength.”