NU policyholders want ready cash

Norwich Union with-profits policyholders want cash rather than extra bonuses if surplus assets in it...

Norwich Union with-profits policyholders want cash rather than extra bonuses if surplus assets in its funds are distributed, although only a third favour the plan. According to surveys conducted by policyholder advocate Clare Spottiswoode, ready money would be twice as popular as an extra bonus if the so-called inherited estate is reattributed. However, she also found only 35% of policyholders believe the proposed reattribution is a good idea, with 41% not knowing enough about it to form an opinion. Though no decision has been taken yet, a reattribution of the inherited estate on the two...