Research published by Heartwood Wealth Management suggests half of City workers intend to spend their entire bonus this season, and most of that on residential property.
With-profits investments are under scrutiny again from all quarters, whether it is in relation to transparency, mis-selling claims or consumer understanding of the product.
NORWICH UNION is again cutting payouts on maturing mortgage endowment policies, even though its main with-profits funds returned 17.7% before tax last year, says this morning's Guardian .
About two-thirds of AXA Sun Life's 1.6 million with profits policyholders have been told their bonus rates will be maintained at last year's rates, while the remainder will see cuts of between 0.25% to 0.75%.
Prudential has unveiled an updated version of the with-profits fund which carries many of the transparent ‘smoothing' characteristics but is still said to offer 5% pa net return.