Low SL with-profits return to prompt withdrawals

clock

Financial advisers are expecting more clients to surrender their Standard Life with-profits policies as its latest bonus rate announcement reveals the fund returned just 2.2% in the last six months.

A statement issued yesterday by the now-listed insurance firm blames the recent stockmarket volatility and higher prices in the bonds sector for an average gross return, before tax, on its with-profits fund of just 2.2 %. However, Colin Jackson, director at Baronworth Investment Services, says he still has clients holding SL with-profits plans, but he expects an increased number of clients to cash in their investments as there is now even less reason for clients to hold onto their Standard Life with-profits policies following the demutualisation sharefall. More specifically, he says the...

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

Darius McDermott: Electrification's second act

Darius McDermott: Electrification's second act

Electrification has become a national security question

Darius McDermott
clock 24 August 2026 • 5 min read
What advisers need to know as SpaceX fuels space investing interest

What advisers need to know as SpaceX fuels space investing interest

WisdomTree’s Mobeen Tahir unpacks the space economy theme

Professional Adviser
clock 14 August 2026 • 1 min read
How markets have developed in 2026 so far

How markets have developed in 2026 so far

'Active allocation does not mean constant trading or short-term market calls'

James Flintoft
clock 12 August 2026 • 3 min read