Announcing its with-profits regular bonus rates and payout values for existing policyholders will be published on 18 January 2005, Norwich Union says bonus rates on unitised policies will remain unchanged.
Rates paid on new unitised with-profits policies for the coming year are set to remain at the following levels for now:
These are explicit charged policies, with the bonus rate being expressed as a gross rate before deduction of the 1% annual fund management charge.
Peter Hales, sales and marketing director of Norwich Union, said: "Through maintaining regular bonus rates for new unitised policies, combined with the current first year final bonus rate of 1.75% on life policies, we believe that our with-profit policies remain a good long-term investment for new investors looking for a balanced portfolio."IFAonline
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