Norwich Union enhances with-profits bonus rates

Norwich Union has increased regular bonus rates on its unitised with-profits policies, while the Pru...

Norwich Union has increased regular bonus rates on its unitised with-profits policies, while the Prudential has maintained the rate of its Prudence Bond at 3.25%. NU's regular bonus rates payable on new unitised pension policies in 2006 have increased from 4% to 4.5% and from 3.5% to 4% on stakeholder plans. Rates have remained at 4.25% on with-profits life and investment policies and 5% for sterling offshore bonds. These are explicit charged policies, with the bonus rate expressed as a gross rate before deduction of the 1% annual fund management charge. Another life office that has mo...