The financial services provider for doctors, dentists, lawyers and teachers said it remained 'financially strong,' unveiling a 15.7 per cent annual return on its main with profits fund
It said the FTSE All Share and FTSE 100 indices had fallen by about 22 per cent during the first nine months of the year, while the value of its with profits fund
had dropped by 13 per cent.
The boost follows a bumper investment return of 20 per cent at Pru's mammoth pounds 83billion with profits fund
Life assurance firm Prudential finished up 12.5p at 617.5p after it announced that its with profits fund
has performed strongly in 2005 which would result in annual bonuses of up to 18% for policyholders.
Q IF I'm told my with profits fund
is closed to new business what does that mean?
With Standard Life, for example (consistently one of the cheapest chargers), its non-stakeholder With Profits One fund was cheaper than its Stakeholder With Profits Fund
- for pounds 100 a month the charges on the One fund came to pounds 17, 543 compared with pounds 31,399 on its Stakeholder fund.
Friends Provident will cut final bonuses for long-term savers after the value of its with profits fund
slid more than seven per cent in the first half.
Norwich Union has launched a new unique inflation protected guarantee on its With Profits Fund
available to lump sum investors on its Portfolio Bond.
Last year, L&G's with profits fund
achieved an investment return of 11.2 per cent, its fourth year running in double digits, but this is offset by loss-making years during the bear market of 2000-2003.
Prudential, for instance, has announced a 20 per cent annual return on its with profits fund
, and an 18 per cent rise in payout values in an investment performance which it boasts is "head and shoulders" above rivals.
The With Profits Fund
produced a gross investment return of 10.7 per cent in 2004.
Last year the society achieved a plus-17.2 per cent return in its with profits fund