Published Date:
27 February 2008
PRUDENTIAL said it was adding £2.7 billion to the value of its customers' with-profits policies following a year of strong investment returns for the fund.
The insurance giant, better known as the Pru, said its with-profits fund returned 7.2 per cent during 2007, despite the volatility seen in world stock markets and the problems caused by the global credit crunch.
As a result it is increasing the majority of annual bonuses paid on the policies by 0.25 per cent, giving an annual bonus of 3.5 per cent for a personal pension, and one of 1.2 per cent of the sum assured plus 2.5 per cent of previous bonuses for mortgage endowments.
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Last Updated:
26 February 2008 8:57 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Prudential
