Story by: James Smith, Investment Adviser
Prudential shifted several billion pounds of its £60bn-plus With-Profits fund into corporate bonds over 2009, highlighting growing risks in equity markets.
Half of advisers polled by Skandia said following a review of a with profits fund, the majority of their clients chose to transfer out of their policies.
Prudential is maintaining annual bonuses on all personal pensions, bonds and conventional with-profits products while estimating that policy holders will receive total bonus payments of £2bn this year.
LV= with profits policy holders could be in line for an estimated £76.3m in bonuses as the life and pensions business announced its fund had made an investment return of 15.4 per cent last year.
LV= has reported its with profits fund made an investment return of 15.4 per cent over 2009 and as a result an estimated £76.3m in bonuses will be added to policies.
Prudential is maintaining annual bonus rates for personal pension policies and with profits bonds
The majority of Legal & General's with profits policies maturing in the first quarter have moved from red to green status, following a 14 per cent return across all L&G with profit investments last year.
Skandia is hosting free seminars across the north for financial advisers, highlighting its with profits bond analyser tool ahead of the end of the tax year.
Legal & General today (18 February) announced bonus rates for with profits customers after delivering a return in 2009 of 14 per cent, before tax, on assets managed for investors.
Wesleyan Assurance Society has announced a 20.1 per cent gross investment return on its with profits life and pensions fund for last year.
In an early January article in the Daily Telegraph, a financial journalist was bemoaning the fact that the FTSE 100 had closed 22 per cent down on its 1999 figure.
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