What is a With-Profits guarantee?

Most With-Profits investments offer a minimum guaranteed return, providing you keep your policy for a specified length of time. If you switch or transfer out of With-Profits, or cash in your investment before that time, you’ll lose this guarantee.

The amount of the guarantee will depend on the With-Profits fund you invested in, the type of policy, and when you invested in it. More information on each fund guarantee can be found below, but for the exact details of the guarantees on your investment please see your policy conditions.

This fund was available for investment under unitised pension contracts from 1984, and was closed to further contributions on 31 October 1999.

The guaranteed minimum return on this fund is around 5.5% yearly, as long as units are held to your pension date.

This fund was available for investment under unitised pension contracts between 1 February 1996 and 30 September 2002. It was closed to single premium investments (including switches) on 30 April 2015, although we continue to accept renewal and regular premium increments.

The price you'll receive when you sell units will not be less than the selling price when you bought the units, plus any yearly bonus additions – providing units are sold at certain points as described in your policy conditions.

This fund was available for investment under unitised pension contracts between 3 June 1996 and 30 September 2002. It was closed to single premium investments (including switches) on 30 April 2015, although we continue to accept renewal payments and increments.

The price you'll receive when you sell units will not be less than the selling price when you bought the units, plus any yearly bonus additions – providing units are sold at certain points as described in your policy conditions.

This fund was available for investment under unitised pension contracts from 1 September 1999, and was closed to further contributions on 30 September 2002.

The guaranteed minimum return on this fund is around 3% yearly, as long as units are held to your pension date.

Reflex contracts closed to new business in 1984, but continues to accept renewal payments and increments.

This fund has a guaranteed minimum return of around 5.0% yearly, as long as units are held to your pension date.

We also have a number of other deposit administration contracts which are covered below.

These type of contracts were open to new business in the 1970s and 80s under individual and group pension plans such as SEF, BRAP, Money Purchase and Money Plus.

These funds guarantee that the amount received will not be less than the amount invested, plus any annual bonuses.

This fund was available for new investment under unitised pension contracts between 1 January 1996 and 31 October 1999, and was closed to further contributions on 31 October 1999.

The guaranteed minimum return on this fund is around 4.0% yearly, as long as units are held to your pension date.

Available for 70 years under our life contracts and since the 1970s for pension contracts, we continue to accept regular contributions and regular premium increments.

This fund offers significant investment guarantees as long as it is held until the maturity date – typically between 2% and 5.5% yearly. For details of your specific guarantee and maturity date, please see your policy documents.

These bonds were available for new investment between 1 November 1996 and 30 September 2002, and were closed to additional single premium investments (including switches) from 30 April 2015.

The price your receive when you sell units will not be less than the selling price when you bought the units, plus any yearly bonus additions – providing units are sold at certain points as described in your policy conditions.

This fund was available under our unitised Mortgage Link contract, and we continue to accept renewal contributions and regular premium increments.

The guaranteed minimum return on this fund is around 3.9% yearly, as long as units are held to the maturity date.

This fund was available under our unitised Passport for Life contract, and we continue to accept renewal contributions and regular premium increments.

The guaranteed minimum return on this fund is around 2.7% yearly, as long as units are held until your 85th birthday.

You can find out more information about our With-Profits funds – including investment performance, governance and other useful information – by visiting our With-Profits(Opens new window) section