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

This is a customer friendly version of our PPFM (also referred to as our CF-PPM) that gives you important information about how our with-profits investments work, including the deductions we make to pay for the cost of guarantees.

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: