Lower equities holding will affect returns, says Standard Life

The change will affect investment return illustrations of with-profits products, says the mutual life insurer. The overall Equity Backing Ratio of Standard Life's with-profits fund now stands at around 50% following a switch from equities into bonds, but a further detailed breakdown of this EBR as of 31 March this year will be reported in May. Specific EBR of different with-profits products will be changed as of 16 May this year, although not all with profits products will be equally affected. The EBR refers to the total equity and property exposure in the fund. As of 31st Decem...