The terminal bonuses for Scottish Widows GAR policyholders are to be increased by up to 30% followin...
The terminal bonuses for Scottish Widows GAR policyholders are to be increased by up to 30% following a change in the way the provider calculates benefits. A House of Lords judgement in a case brought by an Equitable Life policyholder stated that those individuals with GAR policies should be able to receive higher pensions when interest rates are low. In order to comply with the implications of this case, Scottish Widows said it would add to terminal bonuses up to a value of 30% to policies. The change in practice will be back-dated to 1 January 1999. The life office said it would me...
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