Scottish Widows WP fund sees 15% return

As of July 1st, says life insurer, “cash-in” values have increased by 3% on last year, along with final bonus rates while the average MVR has dropped from 9% in June 2004 to 6% on unitised pensions and life policies. This is because the with-profits fund managed to double its investment return over the 12 months, to achieve a pre-tax investment return of around 15% from June 2004 to June 2005. That said, the market is still 20% lower than it was in 2000, points out Adrian Eastwood, actuarial director at Scottish Widows. Asset mix of the fund has seen a small return to equities over...