Recession spurs Friends to review with-profits bonuses

FTAdviser latest:Friends Provident cuts with-profits bonus rates

Story by: Dominic Welling, FTAdviser

Friends Provident has reduced its with profits bonus rates due to the "challenging" market conditions.

  • Time published: 10:28
  • Date published: 09.01.2009
  • Published in: Investments

Inherited estates belong to policyholders not shareholders

The vast majority of advisers believe that with-profits inherited estates should belong to policyholders rather than shareholders.

  • Date published: 07.01.2009

Cost of TEPs falls to record low

Low bonus rates, tumbling equity and diminishing property values have pushed the cost of investment in traded endowment policies (TEPs) to its lowest point ever.

  • Date published: 17.12.2008

LV= highlights interest only concerns

A worrying mortgage gap has emerged with almost 1.3m interest-only mortgage holders having no specified investment vehicle to pay off the capital, warned LV=.

  • Date published: 20.11.2008

Only seven life offices not applying MVRs

Only seven life offices are not currently levying a market value reduction (MVR) on with profits bonds, Money Management has discovered.

  • Date published: 19.11.2008

Standard joins bonus reduction club

Standard Life has followed hot on the heels of Legal & General and reduced its with profits final bonuses due to significant falls in the equity markets in the last three months.

  • Date published: 06.11.2008

FSA sets deadline for with product providers

Companies selling with profits products that flout FSA rules on transparency of product information have only two months to comply with the regime, according to the City watchdog.

  • Date published: 06.11.2008

Abraham sees Life at the end of the tunnel

Equitable Life policyholders could have their claims resolved within two years, according to Ann Abraham.

  • Date published: 06.11.2008

FSA to review with-profits regulations

The Financial Services Authority is to launch a review into how with-profits firms are implementing its regulatory framework.

  • Date published: 03.11.2008

Payouts slashed for Standard Life customers

Standard Life has become the latest with profits provider to slash terminal bonuses and extend Market Value Reductions (MVRs) as a result of the ongoing adverse market conditions.

  • Date published: 29.10.2008

Features

One foot in the grave

Letter to the Editor; Letter of the Week

  • Time published: 00:01
  • Date published: 08.01.2009

Advertising

News Analysis

Friendly rebrand for national mutual

Aggressive plans ahead for 2009.

  • Time published: 00:01
  • Date published: 01.01.2009

Features

Lesser of two evils

Funny old thing fear. Funny old thing greed is too.

  • Time published: 00:01
  • Date published: 11.12.2008

FT Adviser Gym: Fixed Income

Train your brain with the new Fixed Income workout sponsored by AXA Investment Management.

Start training here

FTAdviser  Jobs  RSS