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Axa increases with profits rates

Axa has increased its regular bonus rates by up to 0.75 per cent on its two with profits funds.

The increase on the Axa Sun Life with profits fund and the Sun Life Assurance with profits fund means investors could see an increase of up to 6 per cent in payouts on maturing policies.

Market Value Reductions have been reduced by between 2 and 5 per cent and no MVRs have been increased.

The size of the ASL with profits fund was £10bn and the size of the SLAS with profits fund was £6.5bn as at December 2005.

With-profits actuary Peter Shelley says: “The positive investment returns achieved in the last couple of years and the financial strength of the with profits fund are producing real improvements in apyouts to our with profits customers. Long-term returns on maturing policies are good – around 7 per cent per annum on 20-25 year policies.”


Widows cuts jobs in customer services

Scottish Widows is to axe 200 jobs after a review of its customer services division. All customer services will operate from Edinburgh.

Charged debate

When I wrote about mortgages a few weeks ago and asked for your views, I did not expect the email response that followed. More than 20 emails have pinged their way into my inbox about a subject that, while personally irritating, I would never have guessed could be as important to many IFAs. It is […]

Rotten carrots

In the US, a great discussion revolves around the age-old debate of fees v commission. In my own firm, the ratio of fees to commission has changed substantially over the last few years to the point where some fees have no potential to lead to the sale of an insured or collective investment. As a result, we will soon need to set up a separate company for that revenue, if only to keep the VAT return simple.

Emphasis on long term as yields tighten

Consumer body Which? has come under fire after it said earlier this month that people would be better off putting money in the bank rather than investing in buy to let. Lenders and brokers say the Which? statement was an attempt to grab headlines but there is an admission that yields are down in some […]

The Investment Clock: Keep calm and Macron!

Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]


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