Here you’ll find
- Policy and guarantee information
- Fund leaflets explaining how Pension With Profits Fund A & D investments work
- Our Principles and Practices of Financial Management (PPFM) document
With-profits policy and guarantee information
Some with-profits funds have an investment guarantee and will pay a guaranteed amount in accordance with the terms of the policy, for example, if you buy an annuity on the retirement date you agreed with us when you took out your policy. Conditions apply for guarantees, for example, if you transfer your policy you may lose your guarantee. Please refer to your policy documents for further information.
Some with-profits funds do not have an investment guarantee but can still offer some protection when markets perform badly. See Smoothing – evens out the markets up and downs for more information.
Your policy may be invested in two with-profits funds, one with and one without a guarantee. The following table shows which funds different policies could be invested in.
| Policy type | Fund name | Guaranteed minimum
unit price
growth rate
(per year) |
|---|
Approved Retirement Funds
(policy numbers begin 7004 & 7005...) |
Retirement With Profits Fund |
0% |
Buy out Bond*
(policy numbers begin 500...) |
Retirement With Profits 2 Fund |
4% |
| Pension With Profits Fund A |
No guarantee |
Corporate Pension Series*
(policy numbers begin 501 & 502...) |
Pension With Profits 2 Fund |
4% |
| Pension With Profits Fund A |
No guarantee |
Executive Pension Plus
(policy numbers begin 503...) |
Standard Life With Profits Fund |
No guarantee |
Personal Pension Plan*
(policy numbers begin 20000...) |
Pension With Profits Fund |
4% |
| Pension With Profits Fund A |
No guarantee |
Personal Pension Plus*
(policy numbers begin 20001/2/3...) |
Pension With Profits Fund |
4% |
| Pension With Profits Fund A |
No guarantee |
PRSA
(policy numbers begin 203/204/205...) |
Standard Life With Profits Fund |
No guarantee |
Tower Pension Series**
(policy numbers begin with L and end in A) |
Pension With Profits Fund |
4% |
| Pension With Profits Fund A |
No guarantee |
| Pension With Profits Fund D |
Personal Pension Plan
Pre November 1996 policies only
(policy numbers beginning 1 or 9) |
Pension With Profits Fund |
4% |
| Pension With Profits Fund A |
No guarantee |
* With-profits investments for policies taken out from September 2004 and top-ups from that date to existing policies are allocated to the Pension With Profits Fund A.
** Pension scheme members’ with-profits investments that started before September 2004 are invested in the Pension With Profits Fund. Top-ups to these, and with-profits investments for members who joined between September 2004 and 9 July 2006 are invested in Pension With Profits Fund A. With-profits Investments for members who joined from 10 July 2006 are invested in Pension With Profits Fund D.
Synergy policies which are invested in with-profits do not have an investment guarantee but can still offer some protection when markets perform badly. See Smoothing – evens out the markets up and downs for more information.
| Policy type | Fund name |
|---|
Synergy Approved Retirement Funds
(policy numbers begin 760/761...) |
Standard Life With Profits Fund |
Synergy Investment Bond
(policy numbers begin 460...) |
Synergy Portfolio Bond
(policy numbers begin 461...) |
Synergy Portfolio Approved Retirement Funds
(policy numbers begin 762/763...) |
The with-profits funds for these policies have an investment guarantee and will pay a guaranteed amount in accordance with the terms of the policy, for example, on the guaranteed surrender date. Conditions apply for guarantees, for example, if you surrender your policy on another date you would lose your guarantee. Please refer to your policy documents for further information.
| Policy type | Fund name | Guaranteed minimum unit price growth rate (per year) |
|---|
| Capital Savings Plan |
Life With Profits Fund |
0% guarantee |
| Flexible Life Plan |
| Mortgage Plan |
| MoneyWorks Plan (Net) |
| MoneyWorks Plan (Gross) |
MoneyWorks With Profits Fund |
| MoneyWorks SSIA |
| With Profits Bond |
With Profits Bond Fund |
We pay a guaranteed amount in accordance with the terms of the policy. Conditions apply for guarantees, for example all premiums must be paid when due, or, you would lose your guarantee if you transferred or surrendered your policy. Please refer to your policy documents for further information.
| Policy type | Guarantee |
|---|
| Endowment Assurance Plan |
Sum assured and attaching bonuses at maturity or death |
| Early Maturity Plan |
| Flexible Savings Plan |
| MC Plan |
| Whole of Life Plan |
Sum assured and attaching bonuses at death |
| PenPlan*** |
Sum assured and attaching bonuses on or after originally selected retirement date |
| Pure Endowment Personal Pension Plan*** |
Sum assured and attaching bonuses at age 70 |
| Deferred Annuity*** |
*** Guarantees only apply in certain circumstances. Please refer to your policy documents for further information.
Principles and Practices of Financial Management (PPFM)
Our Principles and Practices of Financial Management document describes how we manage our with-profits business. It only applies to UK with-profits business, but we follow the same Principles and many of the same Practices for our Irish with-profits business. Appendix B provides information on Irish with-profits business and highlights important differences between the Practices for that business and the Practices for UK with-profits business.
Heritage With Profits Fund PPFM