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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

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