There is still some rough with the most popular smoothed bonus portfolio
Old Mutual declares a negative bonus
08 June 2020 - 16:50
The declaration of a negative bonus on a large insurer’s smoothed bonus portfolio after the recent stock market fall, has left the local retirement fund industry a little stunned.
It has been many years since any large smoothed bonus provider has removed bonuses — they remained intact after the 2008 financial crisis — and Fedsure was the last big insurer to do so, back in 1999...
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