Scottish Life

With-profits investors may now have to consider whether they are better off getting out while they can and moving their investments elsewhere, suggests Chartwell, following bonus announcements today from Abbey, Axa and Royal London.

Royal London Group increased its overall total new business by 8% in 2003 to £1.65bn in 2003, however, its offshore division, Scottish Life International, saw new business drop by a third, suggest the latest figures.

Employers might not find out how much they will be paying for the Pension Protection Fund until five days before the scheme will come into effect, warns Steve Bee.