Bonus rates
WITH-PROFITS BONUS RATES FROM 1 APRIL 2013
We have listed below the 2012 and current 2013 increases for Policy Values. The Society can increase or reduce policy values, without prior notice, at any time.
We have also maintained the 12.5% enhancement to policy values as at 31 December 2010, which you will receive when your policy matures or you transfer out of the Society. This enhancement is not guaranteed and we will review this each year, and it may go up or down at any time should market conditions significantly change.
|
Territory
|
Policy type
|
Policy Value increases
(% p.a.)
|
|
2012
|
2013
|
|
|
|
|
|
|
UK
|
Pension
|
2.00
|
2.00
|
|
Personal Pension 2000
|
1.60
|
1.60
|
|
Life
|
1.60
|
1.60
|
|
|
|
|
|
|
International
|
Offshore
|
2.00
|
2.00
|
|
Ex-offshore
|
1.60
|
1.60
|
|
|
|
|
|
|
Ireland
|
Pension*
|
2.00
|
2.00
|
|
Flexible Income Plan
|
1.60
|
1.60
|
|
Life
|
1.60
|
1.60
|
|
|
|
|
|
|
Germany
|
UK-style
|
2.00
|
2.00
|
|
|
|
|
|
* Pension policy values were reduced by 0.6% on 1 July in 2011 and 2012 for the Pension Levy on pension scheme assets in Ireland. The 0.6% Pension Levy is also due at the end of June
in 2013 and 2014.
Final bonus rates for conventional with-profits policies, such as with-profits whole of life assurances and with-profits endowments, reflect the above bonus rates.