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Axa announces with-profits bonus rates

Axa has announced new with-profits bonus rates for customers investing in the Axa Sun Life with-profits fund and the Sun Life Assurance Society with-profits fund.

Axa’s regular bonus rates have increased by up to 1.25 per cent for most unitised policies in the ASL fund compared to the same time last year and payouts on bonds have increased by up to 8 per cent. Payouts for most other policies will be increasing or remaining unchanged.

With-profits actuary Peter Shelley says the improvement in investment returns in recent years has allowed Axa to make further increases in rates of regular and terminal bonuses.

He says: “This is good news for most with-profits policyholders who are now seeing further improvements in the payouts on their policies. The fund remains strong and is currently well placed to turn good stock market performance into further improvements in payouts.”


GMAC-RFC to increase intermediary sub-prime rates over 85 per cent LTV

GMAC-RFC has revealed it will be re-pricing its non-conforming products over 85 per cent loan to value tomorrow.It says it will confirm tomorrow how much it will increase its rates by but says its SVR will remain unchanged.This comes after it announced to its partners that it will increase rates by 0.5 per cent on […]

Protection plea

Some advisers believe that the protection business will be brought under the constricts of the retail distribution review and are calling for pure protection to be ringfenced. Helen Pow reports


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