Business
Trading Update
Trading Update.
About this update from Hansard Global Plc
[{"type":"text","content":"\n \nRNS Number : 9619V Hansard Global plc 09 November 2017 \n\n \n \n \n \n \n \n9 November 2017\n \n \n \nHansard Global plc\nTrading update for the quarter ended 30 September 2017\n \nHansard Global plc (\"Hansard\" or \"the Group\"), the specialist long-term savings provider, issues its trading update for the period from 1 July 2017 to 30 September 2017 (Q1 FY 2018), except where indicated. \n \nSummary\n \n· We continue to deliver strong increases in new business levels in line with our strategy;\n· New business for Hansard International Limited (\"Hansard International\") for the quarter to 30 September 2017 was £38.6m in PVNBP (\"Present Value of New Business Premiums\"), approximately 14% higher than Q1 of the prior year and 12% higher than the final quarter of FY 2017;\n· On-going improvements to our single premium product offering and the development globally of our offshore pensions business have been the primary areas of growth;\n· New relationships established in Latin America have continued to mature and have resulted in a more than doubling of new business in that region since Q1 FY 2017;\n· Assets under administration remain in line with the previous quarter at £1.05 billion.\n \nGordon Marr, Group Chief Executive Officer, commented:\n\"We are pleased to announce the continued growth in our new business and in particular the well diversified spread across each of the regions in which we operate. We remain confident that we can continue to execute upon our strategy and deliver further growth for the future.\"\n \n \n \nFor further information: \nHansard Global plc\nGordon Marr, Group Chief Executive Officer\nTim Davies, Chief Financial Officer\n \nPhone: +44 (0)1624 688000\nEmail: [email protected]\n \n \n \n\n\n\nHansard Global plc\nNEW BUSINESS RESULTS FOR THE quarter ENDED 30 SEPTEMBER 2017\n \nOVERVIEW\nThe Group continues to focus on the distribution of regular and single premium products in a range of jurisdictions around the...