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Axa Sun Life bonus figures down

AXA Sun Life has issued its profits-related bonus figures for 2000 showing a reduction from 1999.

The low-cost homebuyers plan and the investment bonds qualify for a 5.5 per cent bonus, and personal pensions get 6.25 per cent, down from 6.25 per cent and 7 per cent respectively.

The rates apply to policies investing in the AXA Equity & Law with-profits fund.

Axa Sun Life chief actuary Peter Clark says: “Long term interest rates remain at low levels and this, in turn, leads to a reduction in future expected investment returns. However overall payouts on with profits policies remain extremely good value.”


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