Consumer > Investment for Consumers > With Profits > The Scottish Life Fund Bonus Report for 2010
The Scottish Life Fund Bonus Report for 2010
Every year, we issue The Scottish Life Fund annual bonus report to our customers who own certain conventional with profits policies in this fund. The report includes a bonus statement for each policy, an annual update booklet and a frequently asked questions leaflet.
The statement aims to provide information about the performance of your policy over the last 12 months.
The bonus rate declared for 2010 is based on the assets and liabilities in the Scottish Life Fund as at 31 December 2010. We've made no major changes since last year to the way we manage the Scottish Life Fund. Relevant policyholders will receive their statement packs by the end of May 2011.
Key points
- The investments backing with profits policies in The Scottish Life Fund returned 9.4% during 2010
- Policy values have increased over 2010 reflecting increases to final bonus rates
- Regular bonus rates were maintained at 0.1%
- The demutualisation enhancement was increased to 2.4% for 2010
- We continue to target payouts at more than 100% of Asset Share
- We expect investment uncertainty to continue in 2011.
What are the relevant policy types?
- Bonus House Purchase Plan
- Budget Plan
- Endowment Assurance
- Individual Pensions Arrangement - Pension
- Individual Pensions Arrangement - Term Assurance
- Low Cost Mortgage Plan
- Whole of Life Assurance (Limited Premiums)
- Whole of Life Assurance (With Profit)
- Personal Pension Bonus Bond
- Personal Pension Plan
- Personal Pension Policy
- Versatile Retirement Benefit Plan
Management of the Scottish Life Fund
For information on how we manage The Scottish Life Fund, download the following documents:
- Principles and Practices of Financial Management (PPFM) The Scottish Life PPFM v.7.1 (December 2010) is a detailed technical document which explains how we manage the with profits fund including how our with profits policies work and what benefits you can expect from them.
- A guide to how we manage our with profits fund - a plain English guide to the key points of the PPFM. The most recent version (January 2011) is available - please refer to Guide 5 which covers your policy.
- Directors' report to with profits policyholders on our compliance with the PPFM - the report for 2010 will be published in June 2011.
Contact us
If you would like further information about your policy or your bonus amount, you can call us on 0845 60 50 050 between 8am and 6pm Monday to Friday. We are committed to delivering excellent customer service and so we may record and monitor telephone calls for training and quality control purposes.
