Pru with-profits fund returns 18.7%; Bonuses maintained

Laura Miller
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Prudential's with-profits fund made pre-tax returns of 18.7% in 2009 and the insurer confirmed bonuses would be maintained.

This compared to returns of 30.1% for the FTSE All Share over the period. Meanwhile, the fund has delivered a 66.3% return over 10 years compared with the FTSE All-Share index cumulative total return of 17.7% over the same period. Careful management of the fund, coupled with the effect of smoothing, protected policy values from the extreme market conditions seen in H2 2008 and the first half of 2009, the company says. An estimated £2bn added to Prudential with-profits policy values, split between £1.1bn in annual bonus and £0.9bn in final bonus. Prudential says it is maintaini...

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