Friends Provident has increased most of the final bonus rates on its with-profits pension products.
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 guaranteed."
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Joined as head of strategy, multi asset, in June
Group income protection
Nine in 10 do not have income protection