Standard Life cuts certain WP final bonuses

A statement issued by the firm this morning say all annual bonus rates remain unchanged but final rates have been cut on other with-profit products “to reflect more closely actual long-term investment returns”. Although rates have been cut, evidence presented by Standard Life suggests life and pension with-profit policies may still offer a better return than other investment options such as the average deposit account or equity investment. At the same time, however, Standard Life reveals the investment return on with-profits policies was just 2.4% to June 30th, 2004, as the firm now h...