This is where you'll find our Understanding With Profits guides and Principles and Practices of Financial Management, which describe how we manage our UK with profits business. You can also see our most recent reports to with profits policyholders, with profits investment reports and bonus information.
Understanding With Profits Guides
To find out more about with profits investments you should read the 'Understanding With Profits' guide for your type of plan. These guides are also known as Consumer-friendly PPFMs or CFPPFMs.
Does your plan have with profits units? If so:
This is the one to read if you do NOT have a Stakeholder plan
This is the one to read if you have a Stakeholder pension plan that started before 10 July 2006
This is the one to read if you have a Stakeholder pension plan that started on or after 10 July 2006
If you have a mortgage endowment or other conventional with profits plan read this
If you have a With Profits Pension Annuity read this
If you are a pension scheme trustee and have a with profits Group Death in Service or Group Permanent Health Insurance plan or have with profits investments in a Trustee Investment Plan please ask your usual Standard Life contact for a copy of the Understanding With Profits Booklet for your plan.
Principles and Practices of Financial Management (PPFMs)
Our PPFMs give a detailed description of how we manage our with profits funds. The above Understanding With Profits Guides provide a summary of the important PPFM information for different types of plan.
There are two PPFMs for our UK business:
The UK Smoothed Managed With Profits Fund PPFM (for Stakeholder plans that started on or after 10 July 2006)
The Heritage With Profits Fund PPFM (for all other plans)
Annual report to policyholders and statement from the With Profits Actuary
Here are our latest reports to UK with profits policyholders on the operation of our with profits business.
UK Smoothed Managed With Profits Fund (for Stakeholder plans that started on or after 10 July 2006)
Heritage With Profits Fund (for all other plans)
Latest quarterly investment reports
For information on the asset mixes of our with profits funds and how they have performed see:
Post July 2006 Stakeholder Pensions
Other pensions business
Latest bonus review
Regular bonus rates: Life
Regular bonus rates: Pensions
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
- inherited estate top-up
- final bonus
- unit price reduction
These vary from one plan to another depending on when payments were made.
Other useful information about with profits
Heritage With Profits Fund Inherited Estate
Heritage With Profits Fund - Unitised With Profits Pension Payouts