with-profits

The lion's share of the compensation will go to people holding with-profits annuities who were promised an income during their twilight years that has failed to materialise.

Equitable Life's policyholders will get £1.5bn. But is that fair when the axe is falling elsewhere? Andrew Clark 2010

The actual investment returns of Equitable Life policyholders over the past 10 years have been better than those in the average closed with-profits fund.

Dont' feel sorry for Equitable Life policyholders 2010

The 240-year-old Equitable Life first hit problems in 2000 when it lost the first round of a legal dispute over the rights of its with-profits fund shareholders, whose guaranteed rates became too expensive to honor when interest rates and inflation fell.

Equitable Life Payout Could Be Under 2010

It concludes that Equitable Life would still have closed for new business in 2000, applied MVAs and paid lower final and reversionary bonuses, just like every other with-profits company.

Dont' feel sorry for Equitable Life policyholders 2010

And the capital in the U.K. business, notably the £5 billion surplus in the with-profits fund, is a key support to Prudential's A-plus credit rating, which is important to winning business.

Prudential Aided by Move Back to Basics 2009

Aviva is also renegotiating its £1 billion deal with policyholders to buy them out of potential distributions from two of its with-profits funds 'inherited estate -- money retained over decades used to smooth the funds' bonus payments in leaner times.

Aviva's Capital Reassurance 2009

Legal & General said the value of new business was up 5% overall for the nine months, compared to the same period last year, as the good result in pensions buyouts was offset by other areas of business like unit-linked bonds, a common retail investment product in the U.K., and U.K. savings, which comprise personal pensions, retail investments and with-profits funds.

Legal & General conveys pension-buyouts caution 2008

Cassie's mind was full of terms like with-profits endowment and early redemption charges, and I thought it remarkable, sometimes, that she'd never suggested a twenty-five year millstone round my own neck.

Twice shy Francis, Dick, 1920- 1981

Axa's with-profits personal pension would be worth just £127,853 after charges and a Legal & General plan would be worth just £122,225.

Telegraph.co.uk - Telegraph online, Daily Telegraph and Sunday Telegraph Paul Farrow 2011

Mr Hoban said that their estates would be the first to receive the new compensation awards for with-profits policyholders, along with elderly members.

Telegraph.co.uk - Telegraph online, Daily Telegraph and Sunday Telegraph 2011