Norwich Union With-Profits bonus announced

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Norwich Union With-Profits bonus announced

Norwich Union With-Profits bonus rates have been raised for pension investors, it was announced today.

The regular bonus rates for new policies have been hiked to 4.5 per cent for pension policies and four per cent for stakeholder pensions, the building society said.

Meanwhile, bonus rates for bond investors have been maintained at their current rate.

Chief actuary John Lister said: "These changes are good news for investors in our With-Profits fund and underline the benefits of investing in a fund with a high equity backing ratio."

"The rates announced today demonstrate our ongoing commitment to marketing With-Profit products."

The upgraded Norwich Union With-Profits bonus rates apply to new unitised policies.

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