endowment policy for £15,000 taken out 1982 – Norwich Union web page state that the final bonus is £795 per £1000 – however have been quoted £140 per £1000 although NW’s web site has for the past months quoted monetary figures and percentages which would have worked out at approx £795 – is this a case of fraud on NW’s part
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For more information regarding Endowment Policies I have added some further resources here.
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Careful here – Norwich Union have multiple versions of their With Profit fund – Norwich Union, General Accident, Commercial Union, Provident Mutual…..
My guess is you may not be looking at the correct bonus rates – for example they may be historic data. Remember terminal bonuses are not guaranteed.
I don’t think it’s fraud but it certainly sounds ambigous. Ask an IFA to investigate for you (be prepared to pay a fee for this though).
Check the options for making that level of bonus and verify that your work meets or exceeds these. make copies of the website and then check your contract to see if there are any clauses which would allow them to change the bonus at will without notice. Your contract is your best source for this information.