With Profits. How it works

We have written three short booklets to explain how our With Profits Funds work. We recommend that you read these booklets, available from the bottom of the page*, as they cover areas such as:

  • How your payout depends on what guarantees your policy makes, and on any bonuses we add
  • How we decide bonuses
  • How your payout might be affected if you stop your policy
  • What sort of investments are made, and how we aim to shelter you from short-term highs and lows
  • Where you can find out more 

 

If after reading these booklets, you have any queries, please contact your Financial Consultant or ring our helpline on 0845 351 2352.

What booklet do I need to read?

We have two With Profits Funds:

  • The Medical Sickness Society Fund for Medical Sickness Society policies purchased before our merger in July 1997. This was closed to new policies at the time of the merger and is covered in its own booklet
  • The Wesleyan Open Fund for all other policies. One booklet covers policies where premiums are not used to buy units. Another booklet covers policies where premiums are used to buy units

You may have more than one policy with us, and so may need to read more than one of the booklets.

If you have With Profits policies with other insurance companies, you should also read their booklets as each fund can work differently.
If you are unsure about what type of policy you have with us, please contact your Financial Consultant or ring our helpline on 0845 351 2352.

How can I get copies of the booklets?

The booklets can be downloaded from the links below. Paper copies are available from your Financial Consultant or from our helpline on 0845 351 2352.

All With Profits policyholders will have been sent the relevant booklet(s) with their 2006 annual bonus statement(s).

Anyone buying a With Profits policy from 1st January 2006 will also be provided with the relevant booklet at the time.

Every year we will report to With Profit policyholders on our compliance with our PPFM. As for the PPFM itself, there is a separate report for each of the two funds. The latest reports can be found as pdfs at the bottom of this page.


The table below shows the percentage mix of our With Profits investments:

31 Dec 07

30 Jun 07

31 Dec 06

Equity shares         68%           71%         71%
Property         14%           13%         14%
Fixed interest           10%             8%           7%
Other           8%             8%           8%


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