40% average surplus for L&G - Niche Market Recruitment - Emu Consulting

Legal and General says all its 25 year endowment policies maturing in March will hit their target amount, with an average suplus of almost 40 per cent.

It says with profit bond sales increased by 25 per cent last year to £102m from £80m in 2006 while conventional with-profits life policyholders saw an investment return of 5 per cent.

The annual bonus for endowments increased from 0.75 per cent to 1.25 per cent on the sum assured.

L & G has around 800,000 with-profits policyholders and about 29,000 endowments matured in 2007.