Article date: 29 June 2004
Norwich Union has reviewed the bonus rates and payouts on itswith-profits policies following its main bonus announcement on 13January 2004.
The results of the review are:
- Regular bonus and final bonus rates on both conventional andunitised with-profits policies will remain unchanged.
- Payouts on conventional and unitised policies will remain atthe current levels.
Commenting on the review, Norwich Union chief actuary MikeUrmston said: "Following our main bonus announcement in Januarythis year, we have now further reviewed our bonus rates and payoutsand see no need to make any changes at the current time. Unlessthere are any significant changes in the stock market in the secondhalf of 2004 we do not expect to review payouts or bonus ratesagain until January 2005."
Press office contacts:
James Evans 01904 452791 Outof 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 thelargest provider of life, pensions and investment products and oneof the leading IFA providers. Norwich Union has strategicalliances with building societies and other leading UK brand namesincluding Tesco Personal Finance and The Royal Bank of ScotlandGroup.
- Norwich Union’s news releases and a selection of imagesare available from Aviva’s internet press centre at www.aviva.com/media