ScotEq raises bond rates

Scottish Equitable has increased its allocation rates for investments of £50,000 and above into its investment bonds, writes Simon Falush. The group has also extended the range of funds in which bonds can be invested in a bid to increase market share and offer more flexibility to investors. Scottish Equitable is moving its allocation rate from 102% to 103% for the initial charge contract, wherein the fee is paid from the bond up front, on investment bonds for sums between £50,000 and £99,999. The allocation rate for investments of more than £100,000 in bonds charged on this structure w...