Norwich Union has raised the bonus rates for with-profits bond and pension investors in its older, legacy policies range of CGNU and Culac (Commercial Union Life Assurance Company) funds.
With profit investments made before October 1998 will see bonuses rise from 2.5% to 3.25%, while with profit pension policy bonuses will rise from 3% to 3.5%.
Our view
Great news. As markets start to recover, it is good to see providers starting to 'share out the wealth' again.