FEAR OF FINANCE
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Next Wednesday the Norwich Union announces its reversionary bonus rate for 1995, the figure which is added each year to the accumulated value of endowment policies. It will provide the first clues as to whether the 20 per cent rise in share prices last year was enough to end the trend towards shrinking bonuses, which set in at the start of the Nineties.
Those shrinking bonuses set home-owners thinking the unthinkable, that the profits insurance companies generated on their endowment policies might not be enough to pay off the mortgage when it matured, let alone pay the fat surplus which home-owners had been led to expect when they switched their repayment mortgages to endowments by the million in the Eighties. Arguably, it was the sudden realisation that endowment policies might not be sure-fire investments which undermined the housing market.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments