Prudential has again decided to cut with profits annual bonuses and final maturity payouts as stock markets continue to perform poorly.
Annual bonuses on personal pensions will reduce from 4.5% to 3.5%. Holders of the Prudence Bond will have their bonuses cut to 3.25% from 4%.
In terms of final maturity payouts pension values will be cut by no more than 12%. Other policies will have their values cut by no more than 10%.
Tip: If you are thinking of surrendering your with profits investment, check the penalties applying before you act.
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