Still with profits, but a little less
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.EQUITABLE LIFE has delivered further bad news on prospects for returns from with-profit pension and endowment policies.
Having trimmed bonus rates earlier this year, it is now cutting back elsewhere. Policies maturing now will have the value of their funds reduced slightly.
Policies maturing now will have received bonuses earlier this year. But in the period between the addition of the bonus and the day the policy is cashed in Equitable continues to add to its value. This return is being cut for the second time in 12 months because of poor yields from shares and fixed interest investments.
The value of a fund built up through a 10-year regular premium pension plan will come down by 0.5 per cent.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments