Prudential offers 'strong returns' for policyholders

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Prudential offers 'strong returns' for policyholders

Prudential has claimed that it has delivered on its promises for customers who have invested in its with-profits policies.

David Belsham, chief actuary at the firm, made his comments following the news that such financial products taken out with the company have delivered between 3.7 per cent and 6.9 per cent in annual post-tax returns, depending on the length of term.

He explained that the vast majority of shareholders enjoyed good year-on-year growth on their investments and Prudential has placed a renewed emphasis on security to protect its clients.

"Our consistent approach to smoothing and bonus setting has served our policyholders well, protecting them from the full impact of volatile investment conditions," remarked Mr Belsham.

Prudential revealed that customers of with-profit investment funds are set to receive between 3.5 per cent and nine per cent interest in 2010.

The firm recently advised the public that they may need to focus more on saving up for retirement, after a survey found that 31 per cent do not know how much the state pension is or overestimated it significantly.

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