Prudential is cutting the payouts on its with-profits endowments and other investments by up to 10 per cent, it has announced, due to "exceptional market conditions."
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The Financial Services Authority has been slammed by consumer group Which? for easing the rules on insurers using surplus in their with-profits funds to pay mis-selling fines. more
Legal & General has today announced that it will be cutting final bonus rates on most of its With Profits policies. more
Norwich Union has today announced that it can no longer provide policyholders with the £1billion payout it promised back in July. more
