Royal London and Scottish Life have both declared big cuts in the maturation value of with-profits p...
Royal London and Scottish Life have both declared big cuts in the maturation value of with-profits policies. The cuts, which represent the biggest falls of all providers which have yet declared, mean that a with-profits endowment policy would have fallen by 15.2% for Royal London policyholders and 18.2% for those with Scottish Life. David Carrington, sales and marketing director at PolicyPlus, pointed out these companies still offered the highest maturation values. He said: 'Royal London Group has been able to use its financial strength to keep bonuses up over the years. This cut, a...
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