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Aviva reduces with-profit income rates for new business

Aviva has announced it is reducing its with-profit income rates for new business, but maintaining regular and final bonus rates.

In a with-profits bonus rate update today, Aviva says it has reduced with-profit income rates for new business from 3.25 per cent to 2.50 per cent.

Ex-CGNU policies have also been reduced by 0.5 per cent to bring the guarantees on these policies into line with the actual long- term performance of the fund.

Regular rates for unitised policies have been maintained, meaning the new business rate  for bonds is 2.75 per cent.

For new pensions the regular bonus rate remains at 3.25 per cent. For offshore bonds, rates have been held at 3.5 per cent Sterling and 3.25 per cent Euro/dollar.

Regular bonus rates for conventional policies, including endowments, have also been maintained at previous levels.

For unitised life and pension policies, final bonus rates have been increased slightly and some market value reductions have been adjusted so that overall payouts have either slightly increased or remained the same.

For conventional life and pensions, including endowments, some final bonus rates have reduced and some have increased.


Woodford warns of UK credit rating peril

Invesco Perpetual fund manager Neil Woodford has warned there is a high probability of the UK losing its AAA credit rating if the Government does not address the budget deficit. Speaking in a web conference for investors last week, Woodford said a downgrade by the rating agencies could have serious consequences, including downward pressure on […] may bring in loan sourcing system is tipped to be planning a mortgage sourcing system which will provide brokers with customer leads. Customers are currently transferred to broker London & Country after filling in details on the website. However, it is thought that the comparison website is looking to use a sourcing system which would pass customers on to a […]

Responsibility Matters

The latest update from the Sustainable Investments Team at Royal London Asset Management, Responsibility Matters, is now available. In this edition the team look at issues such as the growing acceptance of sustainable investing and technology in China. Read the update here: The value of investments and the income from them is not guaranteed and […]


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