Stan Life announces with-profits payout increase

The assurance giant estimated that £800m of bonuses would be added to with-profits plans while there will be a further reduction in the number of plans subject to Market Value Adjustments. Jim Black, actuarial director at Standard Life Assurance, commented: "2007 has been a difficult year for financial markets, particularly over the second half as the global credit crisis began to take hold. "In spite of this volatile background, payout values for all types of with-profits plans have increased over the last year. "This demonstrates the benefits of being invested in with-profits whic...