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."
To comment on this story contact:
Tel: 020 7034 2679
E-mail: [email protected]
Third completed acquisition of 2018
March sales figures revealed
Three big drivers
No easy answers
Whatever the weather