Financial giant, and Lloyds TSB subsidiary, Scottish Widows has cut with profits bonus rates at its half year review by between 0.25% and 0.5%.
Our view
World stockmarkets continue to be unstable. This will impact on all with profits funds, large and small. It is no surprise that Scottish Widows has cut. Expect others to follow.
There will be no return to bonus rate growth until we see some real recovery in World markets.