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U.K. purchases of Intrinsic, Quilter Cheviot boost revenue
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Shares rise to record in Johannesburg after trading update
Intrinsic helped drive a 71 percent jump in U.K. pension sales, while Quilter Cheviot enabled the insurer to expand wealth-management in that market, Finance Director Ingrid Johnson said by phone Wednesday. Asset-management sales, which climbed 50 percent, were a third factor bolstering the wealth unit’s revenue, she said. Gross sales rose 31 percent to 8.1 billion pounds ($12.5 billion), the company said in a statement earlier…Read more at Bloomberg