Prudential cuts with-profits mortgage endowment by up to 10%
Prudential is cutting the payouts on its with-profits endowments and other investments by up to 10 per cent, it has announced, due to "exceptional market conditions." In the 12 months between May 2008 and May 2009, Prudential has announced that mortgage endowments will payout up to 9.5 per cent less, while its 20 year pension plan will payout 9.3 ...
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