Scottish Widows cuts maximum MVR to 25%

Professional Adviser
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Investors in the Scottish Widows Flexible Options growth fund should receive a regular bonus rate of...

Investors in the Scottish Widows Flexible Options growth fund should receive a regular bonus rate of 4% on their with-profits investment, but all other with-profits policies will see a cut in bonus rates as well as well as a possible Market Value Reduction of 25%. Details of the latest changes to payments indicate that the investors holding the Flexible Options bond income fund will now receive regular bonuses of 3.75%, down 1% from 4.75%, while most other unitised with-profits life and pensions will receive a reduced bonus of anything between 1% and 2.5%, depending the product selecte...

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