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Pru halts bonus rate slide

The Prudential has halted the slide of its annual bonus rates, announcing it is to keep bonus rates the same on its Prudence bond.

Last year the annual bonus on the PruBond was 3.25 per cent, with 375,000 investors in the bond. The Pru say that in the current market conditions there is no need to make any more interim announcements on the bond&#39s annual bonus levels until scheduled in February 2005. A full bond rate announcement for its with-profits policies is to be announced on February 24 with its full year results.

Prudential UK chief executive Mark Wood says: “The strength of our fund and its diverse asset mix has enabled us to weather the tough markets of recent years which is good news for people saving and investing in their plans with the Pru. To reassure our PruBond savers we have announced the PruBond annual bonus earlier than usual.”

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