The value of an investment and any income from it can fall as well as rise and isn't guaranteed. You may get back less than the amount originally invested.
Guarantee means the promise we make that the product or feature will deliver you a certain benefit.
Any guarantees are based on the ability of the issuing insurance company Scottish Equitable plc to pay them. If, for example, that company no longer existed, then the guarantees it provides may be affected.
The cost of meeting the guarantees may affect the value of the annual bonus. The cost of guarantees will depend on where you choose to invest your money.
The guarantees will no longer apply if you cash in your With-Profits investment early, including if you transfer, make an investment switch or surrender your plan. We don't offer a guaranteed cash-in value so you could get back less than the amount you originally invested.
If you're invested in one of the following fund(s), we'll automatically switch your investments in our With-Profits fund(s) to our Cash fund on your original selected retirement date. If you want to switch your With-Profits fund(s) into one or more of our other funds instead, you can use our online service or go to our website.