Standard Life payouts fall again by Finance News Bulletin

Published: 28/03/07

News Companies & markets Investing authority portfolio Campaigns Mortgages & homesMortgage featuresInsurance Consumer recommendation Broadband & phones Retirement Saving & banking Credit & loans little business Tax & wills Message boards cash blog Tools & calculators Ask an expert Guides contrast & buyMore than 80% of Standard Life mortgage endowments maturing this year will not disburse off the home loans they are secured on - send-off homeowners with a characteristic shortfall of £2,800

TAKE PART IN OUR SURVEY Tell us what you think of This is Money and help shape our future (you could even make £35)A ONE-MINUTE MAKEOVER If you only have one minute to learn how to sort your finances, forget the rest and read this>> Our 8-step planThe former joint insurer has announced the 2007 bonuses on its conventional with-profits life and pension policies will be unaffected from last yearIt said the maturity worth today of a 25-year mortgage donation taken out by a man aged 29 and economy £50 a month is £36,950 compared with £40,459 on a similar policy that developed a year agoA 20-year, £200 a month retirement fund policy maturing now would produce a pension pan of £92,820 for a man of 65, compared with £102,365 a year ago

Standard Life says the proportion of endowment policies expected to fail to spot their target has fallen because the worth of most of these polices has increased during the past 12 months The company says it will carry on to provide clientele with yearly updates on any expected shortfallsStandard existence said future payouts may be boosted by cash released from its inherited estate - so-called stray assets that have lain latent for years The inherited estate is worth £500m and the company says if and when it is able to distribute some or all of it, the money will go to policyholders and not to shareholders

Standard existence also announced it is reducing the punishment charges imposed for early redemption on some of its policiesI wonder if the finance managers of Standard existence have taken a pay and bonus cut due to their be short of lustre performance© 2007 Associated Northcliffe Digital Ltd Terms Privacy policy promote with us LoansCardsMortgagesInsuranceCompare the best deals around with This is Money

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