Scot Wids cuts bonuses on unitised plans

Scottish Widows has cut its annual bonus rates by up to 0.5% on several of its unitised with-profit...

Scottish Widows has cut its annual bonus rates by up to 0.5% on several of its unitised with-profits policies, in addition to the final rates on its Flexible Options Bond Income fund. Regular bonus rates on the Flexible Investment and Jersey With-Profits bonds, and on investments in the Flexible Options Bond Income fund, made in 2002 fell by 0.5% from 1 July 2004, while the rate for investments in the latter made in the first half of 2003 fall 0.25%. Regular bonus rates on conventional with-profits policies remain largely unchanged. Maturity payouts from the group's with-profits policie...