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NU Boosts policies after charge error

Norwich Union will be refunding 70,000 unit linked fund policyholders after discovering not all its charges were correctly disclosed. The move will see policyholders given an increase in their policy value averaging 90. NU will be writing to customers in the next three months to advise them of the refund and when their policy value will be increased.


Boulger on Mortgages

Now the general election is behind us there is another important election, or rather referendum, coming up. I doubt that the gilt market would react very much to the result of the general election as the difference in macro economic policy between the two main parties, at least for the first two years after the election, is not big enough to generate wild swings in interest rates.

1.4bn slashed from AIG

American International Group, the world’s largest insurer, has cut 1.4bn from its net worth after detailing a list of accounting misdemeanours dating back to 2000.


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