Axa Sun Life is the latest office to declare the bonus rate for its with-profits policyholders with ...
Axa Sun Life is the latest office to declare the bonus rate for its with-profits policyholders with a cut to an endowment policy of 10.7%.
This represents a small cut relative to many of its competitors, some of which have cut policy values by as much as 18%.
A 25-year endowment policy from Axa, with an investor paying £50 a month, will be worth £78,666 from March 2002, compared to £88,083 in March 2001.
David Carrington, sales and marketing director at PolicyPlus, said investors should expect to see policies begin to rise in value again unless there is a third consecutive fall in equity markets.
He said bonuses could also benefit from an allocation of orphan assets next year.
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