Pru takes the knife to payouts

By THIS IS MONEY
Updated: 00:00 BST, 2 December 2002

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INSURANCE 巨大（な） Prudential has 新たな展開d the knife for millions of its savers, cutting 特別手当 率s for the third time this year. The group again 非難するd poor 株式市場s - even though the FTSE 100 has risen since it last squeezed 顧客s.

As of Tuesday, the Pru will 削減（する） final 特別手当s on unitised with-利益（をあげる）s 政策s by up to 7%. In cash 条件, that means a £1,500 攻撃する，衝突する to the final payout of someone who put £10,000 in a 10-yea r Prudence 社債.

Someone who paid £200 a month into a personal 年金 for 10 years would see the 成熟 value 減少（する） to £32,487 from £33,707. That 代表するs a 削減（する） of more than £3000 in いっそう少なく than three months.

The cutbacks 攻撃する，衝突する 政策s with Prudential and its Scottish 友好的な arm. The Pru said the 連合させるd 影響 of the three 削減s meant 政策 成熟 have typically fallen by around 12% this year.

'This is a 慎重な move to 保護する the strong 財政上の position of the 基金 and the 利益／興味s of our 現在進行中の 顧客s and is the 権利 course of 活動／戦闘 to take at this time,' said 示す 支持を得ようと努めるd, 長，率いる of Prudential UK and Europe.

The company 非難するd continuing poor 株式市場 業績／成果. にもかかわらず, the Footsie has put on 3.6% since the Pru's last 削減（する） in 早期に September. 塀で囲む Street has built up an 8-week winning streak.

With-利益（をあげる）s 計画／陰謀s are 定期的に used for mortgages and 年金s because of their capacity to smooth out fluctuations in 株 prices. However, they have been criticised by City regulators for having 激しい 初期の 告発（する），告訴（する）／料金s and コンビナート／複合体 特別手当 structures.