Scottish Widows cuts with-profits bonus rates

clock

Scottish Widows has announced further cuts its with-profits policies which sees the payouts on bonds reduced by 0.5%.

Rates on the Flexible Options bond growth fund - remain unchanged at 5% payout but regular bonus rates on the Flexible investment bonds, Jersey with-profits bonds and investments in the Flexible Options bond income fund (2002) are reduced by 0.5% with effect from July 1st. The newer Flexible Options bond income fund with investments from H1 2003 will see regular bonus payouts cut by 0.25%, albeit final bonus rates have increased, says Scottish Widows. Adrian Eastwood, actuarial director at Scottish Widows, says: "Stockmarkets still have a long way to rise to match their peak value...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Party politics: Why investors should celebrate AIM's 30th birthday, even if the government won't

Party politics: Why investors should celebrate AIM's 30th birthday, even if the government won't

AIM has helped 4,000 businesses raise £135bn since launch

Eustace Santa Barbara
clock 19 June 2025 • 4 min read
AIM at 30: Why advisers should take a fresh look at the UK's junior market

AIM at 30: Why advisers should take a fresh look at the UK's junior market

'We see AIM as a jewel in the crown with long-term appeal for the right clients'

Oliver Brown
clock 17 June 2025 • 4 min read
Taking the rough with the smooth: How to navigate global market volatility

Taking the rough with the smooth: How to navigate global market volatility

'Like investing, smoothing isn't one-size-fits-all'

James Tothill
clock 13 June 2025 • 4 min read