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Scot Life ups allocation rate on 25-year endowment plans

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.

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The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.

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