21 Feb 2019
Legal & General with profits announcement
Legal & General today announces the bonus rates on its with profits policies for the 12 months to 31 December 2018.
The company added bonuses worth £355 million to its with profits policies in 2018 (£319 million added in 2017).
In 2018, the assets held for our with profits customers returned -3.3% before tax. However, over 25 years the assets have returned 7.1% per annum before tax and over 10 years the annual return is 8.0% before tax. This has exceeded the average inflation rate of 2.8% and 3.0% over the same periods based on the UK Retail Prices Index. It has also exceeded the return on an average balanced managed fund based on a single premium investment.
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