Scottish Mutual extends bonus deal on with-profit bonds

Professional Adviser
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Scottish Mutual has extended the improved terms on its with-profit investment bond (WPIB), for anoth...

Scottish Mutual has extended the improved terms on its with-profit investment bond (WPIB), for another six months until 31 December 2002. Investments of £15,000 or more receive an increase of between 0.75% and 3.5% in additional guaranteed bonus in the first year, depending on the amount invested, while investments under £15,000 maintain their current bonus rates. This comes at a time when many companies are cutting their bonus rates on with-profits products, but Ambrose McGinn, Director, Sales and Marketing at Abbey National for Intermediaries says the deal is continuing because ...

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