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Scottish Friendly ups with-profits bonuses

Scottish Friendly has announced an increase in the policyholders&#39 bonus applicable the start of this month.

Payouts for plans maturing from 1 April 1999 will increase for all policy holders.

For a male aged 30 at the start of a policy, investing £50 a month on a 25 year endowment, the payout would be £95,294 up from £90,301 in 1998. For a 20 year-return, the payout is £50,332 up from £48,278 last year.

Scottish Friendly chief executive Bob Thomson says: &#34Our with profits bonuses follow exceptional sales growth from independent financial advisers and direct marketing in 1998 when our total new business increase was 105 per cent.&#34


&#39Saving for retirement a waste for most investors&#39

Saving for retirement is a waste of time for the majority of investors, according to new research.Liberal Democrat figures reveal the majority of people would be better off not saving at all and relying on state benefits. Former programme director at the Institute for Fiscal Studies and LibDem pensions spokesman Steve Webb has used Department […]

Aon Consulting wins group pension scheme

Aon Consulting has been appointed by Centrica to administer its group pension scheme.The engineering and service group has a staff of 20,000 and members assets total more than £1bn.Centrica group pension manager Rita Powell says: &#34Aon was chosen from the shortlist because we believe it has the resources and experience to consistently deliver the service […]

Cheltenham & Gloucester plays down fears of recession

Cheltenham & Gloucester is using its latest mortgage survey to predict that there will be no recession in 1999.It says that the average amount a homebuyer spends on their mortgage is set to drop 26 per cent in 1999.Borrowers are set to reduce the amount of money they spend on a mortgage to £27.80 for […]

Clerical Medical in drive to increase IFA sales

Clerical Medical is spending £2m in a three-pronged advertising drive to show its support for IFAs.The intermediary arm of Halifax says it is splashing out in a bid to improve the relationship its customers have with IFAs and increase brand awareness.The campaign will combine television with trade and consumer press advertising.The £1.7m television and consumer […]


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