Summary
THE special bonuses paid to Norwich Union's one million with- profits policyholders in the first part of its 'reattribution' deal have been wiped out by market falls, the insurer has admitted.
NU said in March last year that it would pay a Pounds 2.1 billion bonus in three tranches, boosting policy values by about ten per cent. Payments worth about 3.3 per cent each were made that same month and in January this year. The last one will be paid in January next year.See the full content of this document
Extract
Falls Wipe Out Nu Bonuses [Scot Region]
But policyholders will in practice see no...
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