Wesleyan Assurance are the latest company to announce a nosedive in with profits bonus rates although not by as much as some other companies.
Both conventional and unitised with profits rates have been reduced, as have maturity values across the board.
Wesleyan’s actuary David Rutter said ‘last year was a difficult one for investors but our above average exposure to property and cash (investments) have enabled us to limit the impact on our with profits policyholders’.