Prudential cut-profits with a mortgage gift of up to 10%

Prudential is to cut payments to-profit with charitable and other investments up to 10 percent, it has been announced, because "market conditions are exceptional."

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 payout will 9.3 per cent less this year. In the 12 months between May 2008 and May 2009, Prudential has announced that the endowments mortgage payments will increase to 9.5 percent less, while 20 years of pension payments will be less than 9.3 percent this year.

Investors into a 25 year, £ 50 a month Prudential endowment mortgage, which was originally with Scottish Amicable, for example, will find that their investment now pays out £ 38,707 - 9.5 per cent less than the £ 42,150 it would have done a year ago . Investors became 25 years old, 50 pounds a month mortgage eternal Prudential, which was originally a peaceful Scotland, for example, will find that the investment is now paying from £ 38,707 to 9.5 per cent less than £ 42,150 will be made a year ago.

The announcement from Prudential follows similar ones from other firms, such as Legal & General, which announced last week that it would be cutting its endowment payouts by up to 9.5 per cent. Announcement of the following Prudential similar from other companies, such as Legal & General, which last week announced that it would cut payments to 9.5 percent eternal.

Standard Life, Norwich Union and Friends Provident have also all announced sharp falls in bonus rates and consequent payouts. Standard Life, Norwich Union and Friends Provident also fell sharply all announced bonus interest payments and consequently.

Prudential has announced that it will be adding a £ 2.8billion bonus to the value of its with-profits policies, to soften the blow, so they will fall by up to 10 per cent instead of the full 29.9 per cent that the FTSE has fallen in the same time frame. Prudential has announced that they will add a £ 2.8billion bonus with a value-for-profit policy, to soften the blow, so that they will fall to 10 percent rather than 29.9 percent full that the FTSE fell within the same timeframe.

Prudential's with-profits continues to be an attractive medium to long-term investment when compared with alternative investment options, "the financial services company claimed in a statement. Prudential with-profits "remains an attractive medium to long term investments when compared with alternative investment options," financial services company claimed in a statement.

The company's "strong with-profits funds has once again Sheltered policyholders from the full impact of the extreme volatility seen in world markets", it said. Companies' strong-profits with policyholders funds have once again shielded from the full impact of the extreme seen in the world market ", he said.

David Belsham, Chief Actuary at Prudential said: "Although investment markets have performed very poorly in 2008, our policyholders have been protected from the full impact of the market falls." David Belsham, chief actuary at Prudential said: "Although the market has done very bad investments in the year 2008, our policy has been protected from the full impact of market falls."