Winterthur to offer with-profits

Winterthur Life plans to launch an Isa and a with-profits bond product later this year now that it has completed its purchase of Colonial UK's life and pensions business, writes Kira Nickerson. As part of the £300m acquisition, which boosts the group's funds under management from £2bn to £7bn, Winterthur gains a £2.5bn with-profits fund, which will enable it to broaden its product range. John Finlan, chief executive of Winterthur Life, said: "We intend to extend our product range, now that we have the strength of economies of scale, and will look to launch a with-profits bond and an Isa l...