Norwich Union is reducing final bonus payouts on its with-profits investments by around 7.5%, the insurer announces today.
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.