Bonuses increase after strong returns on Norwich with-profits

Norwich Union has increased the majority of final bonuses across its with-profits range after strong...

Norwich Union has increased the majority of final bonuses across its with-profits range after strong returns from equities and property over 2006. On bonds invested in 2005, the final bonus rate increased from 2% to 11%, rising from 12% to 21% on 1995 policies. Regular bonuses have remained unchanged after an increase last year, with implicit charged pensions invested in Norwich Union Life and Pensions (Nulap) the only policies to suffer a reduction. Bonuses across with-profits policies range from 0% to 2%. The group's CGNU fund produced a return of 11.7% before tax over the period, boo...