Scottish Widows With-Profits fund return halves

However, the provider says the fund performed well in volatile markets following the sub-prime mortgage crisis. Kevin Doerr, with-profits actuary at Scottish Widows, says: “This reflects the diversified underlying asset mix and smoothing, which is an important feature of with-profits policies” The provider raised the fund’s exposure to UK equities to 44% at December 31 2007 from 43% in 2006. Meanwhile, 31% of the fund was invested in fixed interest, up from 29% in 2006, and 10% in property, down from 12% in 2006. The fund invested 8% in non-UK equities, down from 10% the year before, an...