Scottish Life is increasing the allocation rates on new 25 year endowment plans by 2.5 per cent.
The life office is boosting the allocation rates on all new endowment plans taken out between 21 and 29 years by varying rates. It is also increasing the subsequent allocation rates on all endowments by 2.25 per cent.
But the firm is also increasing its monthly administration charge by 140 per cent to £2.40 from £1.00.
To increase loyalty among investors the firm is bumping-up the loyalty bonus which is paid after three by 2.25 per cent from 2 per cent.