Bonus declaration overview.

2010 Bonus Declaration

• On 17 February 2011, we announced bonus rates for With Profits customers after delivering a return of 12.8% in 2010, before deduction of tax, on assets managed for investors.
• Over the past 10 years, assets invested for customers in Legal & General’s With Profits Fund have returned 59.8% before tax. This is well ahead of inflation as the Retail Prices Index has risen 32.6% over the same period and compares favourably with the average balanced managed fund return of 40.2% (Source: Lipper for Investment Management).

Carl Dowthwaite, With Profits Actuary said: “With profits savers benefit from the opportunity to invest in a broad spread of assets, which can help to reduce risk. All of the major asset classes held in our With Profits Fund have performed well during 2010 with particularly strong returns in commercial property and equities. These returns demonstrate the benefits of investing with a leading with profits provider.  We are pleased that our customers have benefited from the strong recovery in asset values seen over the last two years.”

Customers will receive their annual bonus statements between March and August 2011, showing the performance of the assets underlying with profits products for 2010.

*The investment return for these plans depends upon the product type held and the date the investment was made. The figures shown are averages for all types and dates.

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The figures above do not include the costs of managing the investments supporting your plan or other charges that might be applied on certain contracts. All returns are net of tax payable by us unless indicated otherwise.

Your plan is designed to smooth returns, meaning that the returns (or bonuses) added to your plan over the years will not be the same as those shown here.

Past performance is not an indicator of future performance.

To find out more about this year’s bonus declaration please download our With profits 2010 bonus factsheet  PDF: 474KB .