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Friends Provident announces bonus declaration

Friends Provident has announced its bonus declaration for with -profit endowment policyholders for 2000.

For conventional with-profit endowment life policies the declared regular bonus is 2 per cent on the sum assured, and 2.5 per cent on attaching bonuses.

The bonus declaration for conventional with-profit personal pension policies is 2.5 per cent on basic pension benefits and three per cent on attaching bonuses.

Friends Provident blames lower interest rates and poor stockmarket returns in 2000 for the lower bonus declaration.

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