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.
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created