Consumer > Investment for Consumers > With Profits > The Scottish Life Fund Bonus Report for 2008
The Scottish Life Fund Bonus Report for 2008
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 and a list of frequently asked questions.
The statements aim to provide information about the performance of your policy over the last 12 months.
The bonus rate declared for 2008 is based on the assets and liabilities in The Scottish Life Fund as at 31 December 2008. Relevant policyholders will receive their statement packs by the end of June 2009.
Key points
- During 2008 the investments backing with profits policies in The Scottish Life Fund returned -4.6% before tax
- Regular bonus rates reduced to 0.1%
- Demutualisation enhancement 0.75% pa on investment returns prior to 2008, 0.5% for 2008 and currently 0% pa pending further review in mid 2009
- Continued investment uncertainty in 2009.
What are the relevant policy types?
- Bonus House Purchase Plan
- Budget Plan
- Capital Plan
- Capital Plan Deluxe
- Deferred Annuity
- Endowment Assurance
- Endowment Pension With Profits
- Reinforced Endowment Assurance
- Individual Pensions Arrangement - Pension
- Individual Pensions Arrangement - Term Assurance
- Low Cost Mortgage Plan
- Economic Low Cost Mortgage Plan
- Whole of Life Assurance (Limited Prems)
- Whole of Life Assurance (With Profit)
- Pure Endowment
- Personal Pension Deferred Annuity
- 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 guides:
- Principles and Practices of Financial Management (PPFM)
- Scottish Life PPFM document vs6 (December 2008) explains how we manage the with profits fund, how our with profits policies work and what benefits you can expect from them.
- Common Questions includes a note of the changes we made to the PPFM in 2008. We have made no changes to the Principles. - A guide to how we manage The Scottish Life with profits fund - Guide 5 covers your Scottish Life policy. You should have received a copy of this guide from us in 2006. The most recent version was published in January 2009.
- Directors' report to with profits policyholders on our compliance with the PPFM - The report for 2008 will be published in June 2009.
Contact us
To help address some of the questions you may have about the bonus mailing, we have pulled together a list of responses for frequently asked questions.
If you would like further information about your policy or your bonus amount, you can call us on 0845 602 1884 between 9am and 5pm 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.
