Prudential maintains bonus rates
General Endowment News, Tuesday, February 21st, 2006Prudential, the company behind the UK’s biggest with-profits fund, have announced that bonus rates are to be maintained in 2006, meaning that all policies maturing this year will see increased payouts.
The Pru’s with-profits fund has increased in value by 20% over the last 12 months, and is now worth around £83bn. This fund is behind 4.5 million endowment policies, pension plans, and savings accounts.
The group says that all endowment policies maturing this year will meet their repayment targets, and that fewer people in the future will face a shortfall.
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