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Prudential pays out £2.8bn in bonuses

Prudential is paying out almost £3bn in bonuses to its with-profits policyholders despite cutting rates by around 10 per cent.

Pru is adding £2.8bn to its with-profits policies through terminal and reversionary bonuses after sales of its Pru bond hit almost £2bn through IFAs last year.

This is despite bonuses being cut due to poor stockmarket performance. Bonuses for the Pru Bond have been cut to 4 per cent from 4.5 per cent, while those for the insurer&#39s personal pensions have dropped to 4.5 per cent from 5 per cent.



Should a fund manager&#39s investment process be ignored when choosing a fund?“No, that is just about the most important thing you have got to refer to as far as how the fund is going to perform.” Scott Clayson, Professional Financial Services “No. When choosing an investment, the manager&#39s process is part of the criteria one […]

MBO emerging as an option for R&SAI staff

Senior managers at Royal & Sun Alliance Investments are believed to be considering a management buyout if a strategic buyer cannot be found.The managers are believed to be concerned that many of the potential suitors for the company – thought to include Aegon, Aberdeen and Friends Ivory & Sime – may seek to strip the […]

Women less likely than men to seek IFAs&#39 advice

Women are making poorly informed financial decisions and are less comfortable making them than men, acc-ording to research from IFA Save & Invest.Over a quarter of women, 28 per cent, say they are making financial decisions without being armed with the necessary information to make properly informed choices.Only 22 per cent of women would go […]

Stay under cover

I am in the process of selling my house and plan to move into rented accommodation for up to three years before hopefully purchasing the property of my dreams. I am reluctant to continue paying premiums to my endowment for life and critical-illness insurance while without a mortgage, other debts or family and feel that […]


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