Standard Life is the latest life office to reduce with-profits bonuses, with a cut of 9.43% in the f...
Standard Life is the latest life office to reduce with-profits bonuses, with a cut of 9.43% in the final value of a 25-year £50 per month endowment policy. This reduction represents the smallest adjustment made within the industry so far. For a with-profits endowment policy taken out by a man aged 30 at his next birthday, the policy will be worth £99,747 after 25 years, instead of the £110,136 projection that would have been provided last year. This equates to an average yearly return of 9.6%, compared with 11% last year.
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes