Scottish Widows launches revised with-profits funds

Scottish Widows is backing the concept of with-profits products with the launch of two new with-profits funds which adhere to FSA plans for greater transparency and protection of policyholder fund. Available as a single premium bond, The Flexible Options Bond is being launched on Monday 1st July and will adhere to "eight Key principles" set by Scottish Widows but which broadly follow FSA with-profits proposals. The bond will be available as with-profits growth and income funds - with the growth fund investing more in equities and the income fund placing the bulk of assets in corpo...