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Fund growth lets Prudential raise payouts
INSURANCE giant Prudential said its £83 billion with-profits fund - the largest in the UK - increased by 20 per cent last year on the back of strong stock market returns.
That will enable the company to increase pay-out values to the bulk of its 4.5m policy-holders by 18 per cent, it said.
Prudential said 20-year pensions policies were now worth up to 18.3 per cent more than they had been a year ago, while 25-year endowment policies were 16.7 per cent higher and Scottish Amicable branded-policies were up 16.1 per cent.
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Monday 28 May 2012
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