Prudential is offering a 2% special offer on allocation rates of its Pru Bond, but tomorrow it will ...
Prudential is offering a 2% special offer on allocation rates of its Pru Bond, but tomorrow it will also cut its final bonus rates on unitised with-profits policies.
The Pru will announce tommorrow, that its cash-in or maturity values will reduce by around 7%, Investment Week, ifaonline's sister publication understands.
Despite the drop, annual bonus rates
Remain unchanged. The move affects both Prudential & Scottish Amicable branded products including all unitised with-profit investments, pensions, savings & mortgage endowments.
At the same time the Pru is to announce a 2%
special offer allocation enhancement to all new Prudence Bond applications. This applies to applications received between 9 December 2002 and Wednesday 8 January nest year.
Robert Stock is news editor at Investment Week, sister publication to IFAonline and part of the Incisive Media Group.
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