Friendly with-profits offer

Glasgow-based friendly society Scottish Friendly has launched a with-profits saving plan. The Scott...

Glasgow-based friendly society Scottish Friendly has launched a with-profits saving plan. The Scottish Friendly MoneyBuilder is a 15-year regular savings with profits plan. A low start feature means that monthly savings gradually increase for each of the first five years of the plan. Starting premiums range from £10 to £100 and go up by 20% of their original value by the end of each year. This would mean that a premium of £30 per month would increase to £60 per month by the end of the first five years. That would then be the amount paid for the remaining 10 years of the term. The produ...