We have produced a number of documents on our With-Profits Fund. The contents of these documents are summarised below so you can decide which one is suitable for your enquiry. We have also provided links to up-to-date information on bonus rates and Market Value Reductions (‘MVRs’).

Principles and Practices of Financial Management (‘PPFM’)

The PPFM goes into great detail, focusing on the standards, methods and controls we adopt to ensure we run with-profits robustly and fairly. It also explains how we respond to changes in the business and economic environment.

With-profits summary

We have been producing a with-profits summary for investors since 2001. Now that we have a PPFM we have revised our summary so that it is a consumer friendly version of our PPFM.

PPFM annual report to policyholders

This report tells you how we have managed the fund in line with the PPFM.

With-profits investment factsheet

This provides information on the fund’s investment objective, its assets – their breakdown and performance, and gives examples of sample policy returns.

Click on the links below for downloadable versions of the items described above.

If you’d like to check the latest information on bonus and Market Value Reduction (MVR) rates, please see the table below: