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Scottish Mutual with-profits bonus rate cut

Scottish Mutual annual bonus rate on its unitised with-profits pensions is down to 6 per cent from 6.75 last year. Unitised with-profits life annual bonus is at 5.25 per cent, down from 6 per cent.

On traditional with-profit life policies reversionary bonuses stay at 2 per cent on the basic benefit and 4 per cent on accumulated bonuses, and 1 per cent and 2 per cent for pensions. On single premium pension contracts terminal bonuses will be be 40 per cent.

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Select menu from Friends

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Baring wins Somerfield pension scheme

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IF starts 24 hour IFA service

Intelligent Finance is launching a new online service for IFAs allowing them to place clients&#39 business direct with the bank 24 hours a day. Through the website www.brokerinfo.if.com, IF registered advisers will also be able to monitor the progress of clients&#39 applications and check completed cases.

Skipton buys GMap to create 12th arm

Skipton Building Society has bought marketing analysis company GMap. GMap becomes the 12th subsidiary of Skipton, joining other firms in the society&#39s stable such as mortgage packager as Pink Home Loans. Skipton says it has bought GMap as part of its “modern mutual” policy of investing the profits of companies it owns into providing better […]

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