A bonus payout to one million policyholders in two of Norwich Union Life’s with-profits funds may not go ahead after recent dramatic falls in the stock market. (more…)

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Concerns over the stability and safety of life insurers financial reserves cause fall in their share prices and FSA offer of help. (more…)

Technorati Tags: aviva, bonds, chesnara, credit crunch, endowment, FSA, norwich union, prudential, shares, stock market

Norwich Union parent Aviva issued a statement to calm fears over it’s solvency position. Shares in Aviva, the UK’s largest insurer, had fallen in recent weeks reflecting uncertainty over the financial position of the company. (more…)

Technorati Tags: aviva, credit crunch, norwich union

As the effects of the credit crunch widen there are heightened concerns about the safety of insurance and investments. While there is plenty of discussion about bank deposits and savings, there has been little media coverage about the safety of endowments and protection for policyholders. (more…)

Technorati Tags: credit crunch, endowment, insurance, risk

Norwich Union has cut bonus payouts for with profits policy holders. The cuts of up to 10 percent in final bonus rates will affect a total of two million policies and are effective as of September 1.  Norwich Union said that regular bonus rates would be unchanged and Market Value Reductions (MVRs) are not being introduced. (more…)

Technorati Tags: bonus, EBR, investment, mortgage, norwich union, savings

An Open Ended Investment Company specializing in TEP based funds is urging investors to consider these instruments as a low volatility asset class positioned to benefit from windfalls due to recent reallocation of orphan assets. (more…)

Technorati Tags: funds, investment, TEP, windfall