Business
Trading update for quarter ended 30 September 2020
Trading update for quarter ended 30 September 2020.
About this update from Hansard Global Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2894E\n Hansard Global plc\n 05 November 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 5 November 2020\n \n \n \n \n \n Hansard Global plc\n \n \n Trading update for the quarter ended 30 September 2020\n \n \n \n \n \n Hansard Global plc (\"Hansard\" or \"the Group\"), the specialist long-term savings provider, issues its trading update for the first quarter of its financial year ended 30 June 2021 (Q1 2021), being the period from 1 July 2020 to 30 September 2020. \n \n \n Summary\n \n \n ·\n New business for the quarter ended 30 September 2020 was £34.2m in PVNBP (\"Present Value of New Business Premiums\") terms, 4.5% lower than Q1 of the prior financial year;\n \n \n · \n Business remains resilient and well diversified in the face of the continued challenges of Covid-19\n ;\n \n \n · \n Assets under administration were £1.1 billion, up 1.8% from 30 June 2020;\n \n \n · \n Launch of our Japanese proposition with our first distribution partner targeted for Spring 2021.\n \n \n \n \n \n Gordon Marr, Group Chief Executive Officer, commented:\n \n \n \n \n \n \"The first quarter of our 2021 financial year has been in-line with our general experience to-date of the Covid-19 environment. Sales activity remains challenging, but we continue to deploy and utilise our technology and customer service strengths in ways to assist our brokers and clients wherever possible. It was particularly pleasing to receive outside recognition for this by winning recent industry awards for both our technology and customer service in the International Investment magazine 2020 Awards.\n \n \n \n \n \n While we are confident our new business will continue to be resilient in the face of Covid-19 challenges, we expect it to continue to lag behind the levels achieved last year. \n We \n continue to invest for the future through the on-going development of our Japanese proposition and the upgrade of our systems environment. \n The launch of our Japanese proposition with our first distribution partner is targeted for Spring 2021.\"\n \n \n \n \n \n For further information: \n \n \n Hansard Global plc +44 (0) 1624 688 000\n \n \n Gordon Marr, Group Chief Executive Officer\n \n \n Tim Davies, Chief Financ...