Norwich Union has reviewed the bonus rates and payouts on its with-profits policies following its main bonus announcement on 13 January 2004.
Norwich Union has reviewed the bonus rates and payouts on its with-profits policies following its main bonus announcement on 13 January 2004.
The results of the review are:
- Regular bonus and final bonus rates on both conventional and unitised with-profits policies will remain unchanged.
- Payouts on conventional and unitised policies will remain at the current levels.
Commenting on the review, Norwich Union chief actuary Mike Urmston said: "Following our main bonus announcement in January this year, we have now further reviewed our bonus rates and payouts and see no need to make any changes at the current time. Unless there are any significant changes in the stock market in the second half of 2004 we do not expect to review payouts or bonus rates again until January 2005."
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Press office contacts:
James Evans 01904 452791 Out of hours 07790 487105
Louise Soulsby 01904 452617 Out of hours 07810 057362
David Gwyer 01904 452828 Out of hours 07800 699508
Lorna Wiltshire 01904 723251 Out of hours 07788 471849
Rob Pell 01904 452659 Out of hours 07968 934091
Notes to Editors
- Norwich Union is the UK’s largest insurer. It is the largest provider of life, pensions and investment products and one of the leading IFA providers. Norwich Union has strategic alliances with building societies and other leading UK brand names including Tesco Personal Finance and The Royal Bank of Scotland Group.
- Norwich Union’s news releases and a selection of images are available from Aviva’s internet press centre at www.aviva.com/media