For many years, we've been offering with-profits funds designed to meet the needs of the changing world we live in. And, in the current world of reviews and the need for increased transparency, the launch of our new generation with-profits funds demonstrates our continuing commitment to our customers. Read on to find out more about our current bonus rates and how we manage our with-profits business.
2007 bonus declaration
We've announced our new with-profits bonus rates and they're effective from 1 April 2008. You can find out more by selecting 2007 bonus declaration.
Principles and practices of financial management (PPFM)
The Financial Services Authority (FSA) requires all companies that write with-profits business to produce their own PPFM. The purpose of our PPFM is to:
- help further the understanding of our current and potential with-profits investors about how we manage our with-profits business
- provide details on the governance procedures for such business
We've updated our PPFM with effect from 1 January 2008. You can read the updated document by clicking here.
The PPFM covers both our old and new generation with-profits funds.
Customer-friendly principles and practices of financial management (CFPPFM), entitled 'A guide to investing in Scottish Equitable's with-profits funds'
From 31 December 2005, the Financial Services Authority (FSA) has required companies to produce a customer-friendly version of the 'Principles and Practices of Financial Management (PPFM)'.
This document, which should be read with the full PPFM, is written in a straightforward way and gives the most important information contained in the PPFM under the same headings. All investors who have access to our with-profits funds will receive a copy of the CFPPFM with their key features document. If we ever make a change to the document, we'll issue the new version with annual statements.
We have recently updated this document, click for further information.
We have three separate CFPPFMs covering: new generation, unitised and old style with-profits business.
If you've invested in, or would like more information on new generation with-profits funds, click to view this document.
If you've invested in, or would like more information on new generation or unitised with-profits funds, click to view this document.
If you would like more information on our old-style with-profits funds, click to view this document
New generation funds
We've launched a new generation of with-profits funds that provide greater clarity and transparency.