Widows cuts MVRs on its with-profits

Scottish Widows has cut market value reduction (MVR) levels across its unitised with-profits policie...

Scottish Widows has cut market value reduction (MVR) levels across its unitised with-profits policies. The average MVR is now 3%, compared with a reduction of 9% at the end of June 2004, so the cash in value of unitised with-profits units has increased by up to 13% over the period, according to the group. Regular bonus rates on conventional and unitised with-profits policies have remained unchanged, except on the International Investment Bond Dollar fund, which has increased its annual bonus rate from 2.25% at the beginning of this year to 3% now. With the exception of units bought since...