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.
The full article contains 126 words and appears in The Scotsman newspaper.
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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
