L&G holds with-profits bonuses

The insurer also said it will maintain annual bonus rates at last year's levels for conventional endowment mortgage customers. It added the majority of bond and unitised pensions customers will receive policy additions higher than the 1.7% return of the with-profits fund. The company said total bonuses of £459m were added to with profits policies during 2011, up 11.6% on the previous year's figure of £411m. It said the increase reflects a rise in the number of customers whose with-profits policies matured over the year. Legal & General's with-profits actuary Tim Sheldon said the wi...