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Understanding With Profits

From 31 December 2005 the FSA implemented new rules that require all providers to produce client friendly information explaining how with profits investments are managed.

Standard Life publishes documents called Principles and Practices of Financial Management for the Heritage With Profits Fund and Principles and Practices of Financial Management for the UK Smoothed Managed With Profits Fund (our PPFM). These documents explain how our with profits business is managed, but these are complex documents, written with a more technical audience in mind.

From 31 December 2005, a booklet called Understanding With Profits has been sent out with the annual statements that are issued to with profits clients.

This booklet provides both you and your clients with a summary of the main points from our PPFM relevant to each type of plan in an easy-to-read format. The relevant booklet is also issued with Key Features documents where with profits is an investment option.

There is a range of booklets covering all types of with profits plans. Your clients will receive the booklet that is specific to their plan.

Understanding With Profits Booklets Understanding With Profits 1: UK unitised and conventional with profits business in the Heritage With Profit Fund (PDF, 163KB) Code: UWP1 Understanding With Profits 2: Stakeholder plans in the Heritage With Profits Fund (plans starting before 10 July 2006) (PDF, 61KB) Code: UWP2 Understanding With Profits 2a: Stakeholder plans in the UK Smoothed Managed With Profits Fund (plans starting after 9 July 2006) (PDF, 61kb) Code: UWP2a Understanding With Profits 3: Group Death in Service and Group Personal Health Insurance (PDF, 57KB) Code: UWP3 Understanding With Profits 4: With Profits Pension Annuities (PDF, 64KB) Code: UWP4 Understanding With Profits 5: Old Style Trustee Investment Plan (PDF, 72KB) Code: UWP5 Understanding With Profits 6: New Style Trustee Investment Plan (PDF, 56KB) Code: UWP6 Understanding With Profits 1NB: New unitised business in the Heritage With Profits Fund (PDF, 72KB) Code: UWP1NBA5

PPFM Principles and Practices of Financial Management for the UK Smoothed Managed With Profits Fund (PDF, 299KB) Code: PPFM Principles and Practices of Financial Management for the Heritage With Profits Fund (PDF, 741KB)

The information on this site is for qualified advisers only and must not be relied on by anyone else. If you are not an adviser you should go to our main website for information about our products and services.

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