This is where you'll find our 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.
To find out more about with-profits investments you should read the with-profits guide for your type of plan.
Please read this one if you have a unitised pension.
Please read this one if you have a unitised life plan.
Please read this one if you have a Stakeholder pension plan.
Please read this one if you have a mortgage endowment or other conventional with-profits plan
If you are:
- a With Profits Pension Annuity customer
- a pension scheme trustee and have a With-Profits Group Death in Service or Group Permanent Health Insurance Plan or
- have with-profits investment in a Trustee Investment Plan
Please ask your usual Standard Life contact for a copy of the with-profits guide 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 with-profits guides provide a simplified explanation 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.
These reports relate to 2019 but we understand that you may have concerns about the current impact of the Coronavirus (COVID-19) pandemic. There have been no changes to our practices (as detailed in our PPFMs) for the management of our with-profits funds. Any guarantees associated with your policy are unaffected by the pandemic. For more information on our response to Coronavirus (COVID-19) please go to our dedicated information pages.
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