Wesleyan is Top of the Class
Wesleyan Assurance Society, the financial services specialist for medical, dental, legal and teaching professionals has received a ten-out-of-ten rating for the fourth consecutive year in the recent Cazalet Consulting With Profits rating report - the only life to achieve since 2004.
The Society has also once again topped the Money Management With Profits endowment survey (April 2008) with the highest number of top ten appearances*
Craig Errington, Wesleyan's Chief Executive said, "As the general economic outlook remains uncertain, people will want to think carefully about where to invest their cash.
Wesleyan's With Profits investments are proven to providesome of the best payouts in the industry and should remain an attactive option for the cautious investor.
"Our financial strength is at the root of our success in the With Profits market, underpinned by our commitment to equities and careful investment approach.
At the end of 2007, equities and commercial property as a proportion of total assets invested stood at 82%, wheras most other life companies continue to have an equity ratio below 50%
"As a mutual, we are able to pass profits directly to our customers as there are no shareholders to consider."
The latest Cazalet Consulting With Profits Ratings (December 2007) rated Wesleyan a "rock-solid 10/10".
The independent research by respected industry analyst Ned Cazalet, described Wesleyan's liability bases as "robust", cash flow as "positive" and highlighted the seven year investment performance of 67.2%.
The report commented that "Wesleyan's WP policyholders should be very pleased with their choice of insurance company... unlike many other With Profit funds nowadays.
Wesleyan continues to provide considerable exposure to risk assets, in particular equities and commercial property, which are considered most likely to generate the highest investment returns over the medium to longer term."
Wesleyan is one of only two companies to achieve 35 appearances, out of a maximum of 40, for payouts on policies maturing over all four terms (10, 15, 20 and 25 year policies) in the Money Management With Profits endowments survey.
By comparison, two of their largest competitors, Legal & General and Prudential, have appeared just five times each and ranked 22nd in the table.
Money Management, which is recognised as the UK's leading journal for professional financial consultants, also noted in its market-leading survey that for a term of 20 years "Wesleyan stands out as one of the few providers to have a higher payout than last year's survey".
Wesleyan's With Profit Open Fund asset allocation as at 31/12/007:
| Equity Shares | 68% |
| Property | 14% |
| Fixed Interest | 10% |
| Other | 8% |
*Please note that past performance is not a guide to future performance.
For more information and interviews please contact:
Bernadette Bogan or Navdeep Bhatti 0121 200 9609
Wesleyan Press Office press@wesleyan.co.uk
Sophie Hull 0207 404 9660
Vanbrugh Communications
Notes to editors:
Wesleyan Assurance Society is a mutual assurance society, founded in 1841. The core values throughout the organisation are Insight, Performance and Trust.
Wesleyan offers specialist financial advice to hospital doctors, GPs, dentists, teachers and lawyers, through its principal distribution brands Wesleyan Medical Sickness, Wesleyan for Teachers and Wesleyan for Lawyers.
The Wesleyan Group has in excess of £4 billion of funds under management as at 31 December 2007.
In 2007 Wesleyan Assurance Society won the ifs Financial Innovation Awards for Most Effective Customer Segmentation Strategy.
Wesleyan came first for realistic free asset ratio (the most significant measure of financial strength for With Profit insurers) in the most recent Ernst & Young review of UK Life Insurance Companies.
Wesleyan is one of only four UK life companies to receive a rating of Excellent for Financial Strength by A.M Best, a global credit rating organisation.
Utilities
Latest News
- 25 July 2008 - Wesleyan Appoints New Non-Executive Board Member
28 July 2008 - 16 July 2008 - New Director of General Insurance at Wesleyan
16 July 2008 - 10 July 2008 - Wesleyan is Life Insurer of the Year
16 July 2008 - 28 June 2008 Wesleyan Unveils Newly Refurbished Offices
30 June 2008 - 21 May 2008 - Wesleyan Sponsors Worcester GPs Efforts to go for Gold
22 May 2008
Wesleyan Assurance Society is authorised and regulated by the Financial Services Authority. Incorporated by Private Act of Parliament (No.ZC145). Advice is provided through Wesleyan Medical Sickness, Wesleyan for Teachers, Wesleyan for Lawyers and Wesleyan for Professionals which are divisions of Wesleyan Financial Services Ltd. ("WFS Ltd.") WFS Ltd. is a wholly owned subsidiary company of Wesleyan Assurance Society. Registered No. 1651212. WFS Ltd Head Office: Colmore Circus, Birmingham B4 6AR. Telephone: 0845 351 2352 Fax: 0121 200 2971. Telephone calls may be recorded for monitoring and training purposes.







