Friends Prov raises final bonuses on with-profits

In a sample of rate changes, the provider has raised the final bonus on its 10-year unitised with-profit bond 5% to 50%, and the rate on its 15-year unitised personal pension plan from 7.9% to 11.9%. It has also left most regular bonus rates unchanged and generally lowered with-profits policy payouts. Brian Harrison, chief actuary at Friends Provident, says: “In a year of volatile equity markets and disappointing fixed interest and property returns, most Friends Provident with-profits customers continue to receive regular bonus additions which, once added to their policies, are guarantee...