Aviva is sending clients letters explaining there could be additional financial incentives in the future for policyholders of the CGNU and CULAC with-profits funds if the firm decides to claim its orphan assets.
Norwich Union has substantially raised regular bonus rates for the first time ever on with-profits policies opened over 10 years ago.
Norwich Union is offering investors in the Provident Mutual with-profits fund the chance to elect to invest in the CGNU product which has a higher equity ratio, as the company has plans to reduce its shares and property holding from 24% to 10%.