Eagle Star with-profits bonus cuts

Zurich has reduced annual bonuses by up to 1.5% across the Eagle Star conventional and unitised with...

Zurich has reduced annual bonuses by up to 1.5% across the Eagle Star conventional and unitised with-profits policies. On conventional business, with-profits life policies will receive a bonus of 0.25% in 2004, compared to 0.5% last year, while with-profits pensions will get nothing this year, down from a range of 0.25% to 1% in 2003. With the Eagle Star Series 5 unitised with-profits fund, the annual bonus will be 1% on life policies and 2% on pension policies compared to 2.5 and 3.5% respectively in 2003. Across other unitised business, rates vary between 0% and 4%, down from 1.5% to 4...