L&G maintains annual bonuses on life policies

Legal & General has broadly maintained annual bonuses across its life policies, while friendly socie...

Legal & General has broadly maintained annual bonuses across its life policies, while friendly society Liverpool Victoria has reduced rates on conventional with-profits schemes. L&G has maintained rates on conventional endowment policies at 0.75% on sum assured and 1.25% of existing bonuses. Meanwhile, it has broadly increased terminal bonus rates on the majority of policies. These have increased to 39% from 27% for investors entering the policy in 1990, for example. Over 2004, L&G's life fund produced a return of 12%, compared with 14% last year, with a five-year average annual retur...