Standard Life cut with-profits bonus rates

It said the fund returned 7.9% and plans had seen a real increase in value from last year. Unitised life plans will see bonus rates drop from 0.75% to 0.5% and unitised pension plans from 1% to 0.5%. The life and pensions firm said with profits bonds would see a 2.5% bonus rate, the same as last year. A spokeswoman said 600,000 people would be affected and the decision was taken to give the business greater investment flexibility. Margaret Flaherty, Standard Life's with-profits communications manager, said: "In the last year a typical pension customer has seen a return of 7% on the...