With Profits information
Looking to find out about With Profits investments?
Our Understanding With Profits booklets explain how With Profits investments work.
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Document information |
Document description |
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|---|---|---|
| Understanding With Profits 1NB | PDF, 225kb | Covers all UK unitised With Profits business in the Heritage With Profits Fund except that covered by the Understanding With Profits booklets detailed below |
| Understanding With Profits 1 | PDF, 233kb | Covers all UK conventional With Profits business in the Heritage With Profits Fund except that covered by Understanding With Profits 3 |
| Understanding With Profits 2 | PDF, 212kb | Covers Stakeholder With Profits business in the Heritage With Profits Fund (business starting before 10 July 2006) |
| Understanding With Profits 2a | PDF, 222kb | Covers Stakeholder With Profits business in the UK Smoothed Managed With Profits Fund (business starting after 9 July 2006) |
| Understanding With Profits 3 | PDF, 199kb | Covers Group Death in Service and Group Permanent Health Insurance business |
| Understanding With Profits 4 | PDF, 209kb | Covers With Profits Pension Annuities |
| Understanding With Profits 5 | PDF, 212kb | Covers old style Trustee Investment Plans |
| Understanding With Profits 6 | PDF, 206kb | Covers new style Trustee Investment Plans invested in the Pooled With Profits Fund |
These booklets are also known as Consumer Friendly Principles and Practices of Financial Management or CFPPFM.
If you want more technical detail you can read our Principles and Practices of Financial Management (PPFMs). There’s one for each of our with profits funds for UK business:
Heritage With Profits Fund PPFM (PDF, 802kb)
UK Smoothed Managed With Profits Fund PPFM (PDF, 298kb)
To see how we have managed our UK With Profits business please read our latest annual reports to UK With Profits policyholders, and the With Profits Actuary statement attached to each report:
Annual Report - Heritage With Profits Fund (PDF, 58kb)
Annual Report - UK Smoothed Managed With Profits Fund (PDF, 49kb)
Latest quarterly investment reports
For up-to-date and historical information on the asset mixes and investment performance of our With Profits funds:
Latest bonus announcement and historic regular bonus rates
Other Useful Information about With Profits
With Profits Committee
With Profits Committee Constitution and Terms of Reference (PDF, 92kb)
With Profits unit prices
We don’t publish unit prices for any of our With Profits funds. On its own, the price is unlikely to provide a full and fair view of what a With Profits investment is worth. This is because of the effects on plan values of any
- smoothing,
- inherited estate top-up,
- final bonus, or
- unit price reduction.
These vary from one plan to another depending on when payments were made.
For information about smoothing, inherited estate, final bonus and unit price reductions see our Understanding With Profits booklets.
Advice
If you are thinking about a With Profits investment, you should seek financial advice – to make sure you understand how the investment works. Please note that there may be a cost for financial advice.
