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Widows slashes terminal bonus

Scottish Widows has cut reversionary bonuses on unitised with-profits

contracts by 0.5 per cent and terminal bonuses by up to 6 per cent.

Rever-sionary bonuses have not been reduced since January 1999. Widows says

the cuts are the result of falling stockmarkets. Contracts written before

1998 will get a cut in terminal bonus of up to 6 per cent. Contracts after

1998 will get lower cuts based on individual terms. Widows is not applying

an MVA but has not ruled it out in the future.

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Three multi-manager Fofs from Credit Suisse

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Bogard goes back to Moneyextra

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Absence management systems gone AWOL from UK’s SMEs, reports Jelf

A quarter (23 per cent)* of the UK’s small to medium-sized enterprises (SMEs) do not have an absence management system in place, according to new research from Jelf Employee Benefits. Despite 69 per cent* of organisations having a system in place, three-quarters (75 per cent) report that it is not providing them with sufficiently empowering absence or health data to inform an effective wellbeing programme.

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