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Widows cuts bonus rates

Scottish Widows has announced it is cutting bonus rates on many with-profits policies. Unitised with-profits life and pension policies regular bonus rates are down between 0.5 per cent and 1 per cent, while conventional life policy bonuses will remain the same. However, most conventional pension policies will see no regular bonuses.

The changes take effect from January 1 and see final bonus rates on with-profits policies generally down.

At the same time cash-in values have risen by as much as 9 per cent over 2003 and regular bonus rates on the flexible options bond growth fund are up from 4 to 5 per cent and those on new business into the flexible options bond income fund are up to 4 per cent from 3.75 per cent.

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Considerations for overseas workers in Germany

With Germany’s strong economic growth leading the eurozone’s recovery, many UK businesses are keen to be part of the success story: recent data shows that there are currently more than 280,000* employees working for a UK-controlled company in the country.

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