View more on these topics

NU cuts annual bonus payments on closed with-profits pension funds

Norwich Union has cut annual bonus payments on its closed with-profits pension funds by 25 per cent.

The majority of policyholders, those in its NULAP and CULAC funds face a rate cut from 4 per cent to 3 per cent in 2003.

The annual bonus rate for investors in its CGNU with-profits fund remain unchanged at 3 per cent and all Provident Mutual policies now pay zero bonus.

Recommended

In or out or shake it all about?

Could the decision to contract out or contract in become the financial planning equivalent of the hokey cokey?Money Marketing has become aware that at least one Government department has officials considering an increase in the contracting-out rebates. The closest thing to an advice no-brainer – except perhaps for those who very strongly mistrust policians and […]

Frexit & contagion risk in Europe

Many commentators have suggested the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune Head of European Equities Rob Burnett discusses the likelihood of this happening. Click here to read more Important informationInvestment risks Neptune funds may have a high historic volatility rating and past performance is […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com