Friends Prov raises with-profits bonuses after 'good year'

The firm says 2009 was a good year for its fund, with a gross investment return of 9.3%. Final bonus rates have more than doubled on some policies, including the FPLMA Series, where 15-year unitised personal pension plans will see bonuses rise from 11.4% to 24.1%. Regular bonus rates have been maintained on all policies. Most policyholders will see payouts increase by around 10% in February 2010 compared with February 2009. The firm has shifted the equity allocation of its with-profits fund, from a cautious 16% at the end of 2008 to 26% at the end of 2009. Despite a recovery in e...