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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.

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