Smoothing has helped cushion Standard Life's with-profits policies against falling markets, the group says today in its mid-year review of bonus rates.
Standard Life reports year on year increases in plan values across most types of with-profits savings and investment plans. Annual bonus rates have been maintained for all plans. Margaret Flaherty, with-profits communications manager, Standard Life, says: “The challenging financial market conditions that took hold in the second half of 2007 have continued into 2008. These have resulted in significant falls in value for most types of assets. "However, we are pleased to say that, despite the volatile economic conditions, values for all types of plan have grown over the past 12 months, wit...
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