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Axa raises bonuses for with-profits

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

The move means investors could see an increase of up to 6 per cent in payouts on the Axa Sun Life with-profits and the Sun Life Assurance Society with-profits funds.

Regular bonus rates on ASL’s with-profits bonds and with-profits personal pension have increased from 1.75 per cent to 2.5 per cent.

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 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 payouts to our with-profits customers. Long-term returns on maturing policies are good at around 7 per cent a year on 20-25-year policies.”


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The Tories have warned the Government that their position on pension reform is “consensus with limits” and urgent work is required to address their concerns. At a Scottish Widows and Age Concern fringe event, Shadow pensions minister Nigel Waterson Waterson said: “We are in consensus mode for the right reasons. But it is consensus with […]

The easy option

Many years ago, a good friend of mine became very seriously ill and had to take time off work. His employer’s sick scheme was a decent one but months ticked away and it became obvious that although his illness was not life-threatening, it would be impossible for my friend to return to work in the near future, perhaps for years.

‘Time to tidy up pension pots’

IFAs must break away from the more traditional focus on spreading pension arrangements and consolidate their clients’ pension pots before vesting funds, says Hargreaves Lansdown head of pensions research Tom McPhail. He told delegates at the round table that a wrinkle in A-Day rules makes it imposs- ible for clients with more than one pension […]

2016 Global Survey of Individual Investors: How is investor behaviour rewriting the job description for financial professionals?

Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]


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