Liverpool Victoria is to reduce the annual bonus declaration on its with-profits investment products...
Liverpool Victoria is to reduce the annual bonus declaration on its with-profits investment products by 6.3% as from 1 March, by far the smallest fall in the sector. It now has the highest rate of return on a 25-year policy, with £50 per month contributed. Such a policy maturing before 1 March will be worth £121,059, or £113,434 after that date. Clerical Medical cut its bonus rate by 16.92% as from 1 February. David Carrington, sales and marketing director at PolicyPlus, said he was slightly surprised by the size of the cut given the financial strength of its parent HBOS.
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