Pounds 2.1 Billion Bonanza for Norwich Fund Holders

Summary


MORE than a million Norwich Union policyholders were today promised a windfall as the company distributes about half of its inherited estate.

Norwich Union owner Aviva, Britain's largest insurer, agreed to pay out Pounds 2.1 billion to 1.1 million with-profits policyholders an average of almost Pounds 2000 each, although those with large policies will get far more. A further Pounds 230 million will be paid to shareholders.

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Extract


Pounds 2.1 Billion Bonanza for Norwich Fund Holders

It follows months of debate over how the inheri...

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