View more on these topics

L&G holds annual bonus rates for 475,000 with-profits investors

Legal & General has held annual with-profits bonus rates for 475,000 customers as assets grew 9.1 per cent during 2013.

The decision means the company paid out £490m in bonuses to policyholders during the year, up from £471m in 2012.

The firm says the increase reflects strong investment performance and the fact 45,000 mortgage endowment customers saw their with-profits policies mature in 2013.

Over 10 years a single premium investment in L&G’s with-profits fund would have returned 7.3 per cent before tax, while over 25 years it would have returned 8.5 per cent.

Legal & General Assurance Society managing director with-profits Carole Avis says: “Our with profits customers will benefit from another year of strong investment returns for 2013 of 9.1 per cent. This clearly demonstrates the benefits of investing with a leading with profits provider operating active management of a balanced asset mix.

“By investing in a broad spread of assets we continue to deliver steady growth to our policyholders who also benefit from protection from market volatility through ‘smoothing’ of payouts.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm