Wesleyan’s assets under management reach a record level

SPECIALIST financial services provider Wesleyan has seen its assets under management grow to a record £6bn.

The firm returned a positive set of results for 2014 despite annuity sales being down by a third following changes to pensions rules announced by the Chancellor.

The Birmingham business, which provides for doctors, dentists, lawyers and teachers, recorded an operating profit of £40.3m, a 32% increase on 2013’s £30.5m.   

New business sales amounted to £42.2m (2013: £41.6m), while total gross p... For the full story register now for free or login below...