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PolicyPlus predicts cautious life declarations

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PolicyPlus has released the dates it expects the major life companies to declare their with-profits bonus declarations.

Given the poor performance of equities over the last year and the gloomy outlook for the financial markets in 2008, PolicyPlus expects cautious declarations from most companies.

David Carrington, sales & marketing director, said: “The continued trend of the strong getting stronger means that policies from the strongest companies are the most likely to see bonus rates reinforced.”

The first company expected to declare is the Aviva Group on 11 January, followed by Friends Provident and London & Manchester on 15 January. Scottish Amicable is forecasted to make its declaration on 20 January, with Legal & General pencilled in for 22 January.

Liverpool Victoria is expected to make its declaration on 3 February, Scottish Life on the 17th of the same month and Colonial Mutual on the 25th. Sun Life of Canada and Sun Life’s declarations are predicted to come in March, on the 3rd and 24th respectively.



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