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Information on our With-profits funds and how they perform

With-profits

Pension Income Plus Annuity - Declared Investment Return (DIR)

We aim to add declared investment returns (or DIR) to provide steady growth. These will vary from time to time (and may be negative and reduce your client’s income). We will add any DIR to your client's basic annuity after allowing for your client's chosen assumed investment return (AIR). If the DIR added is higher than your client's chosen AIR, then your client's income will increase. Similarly if the DIR added is lower than your client’s chosen AIR, then your client’s income will decrease.

Declared investment returns reflect:

  • Investment performance of our With Profits Fund.
  • The annual charge applied.
  • Our current approach to smoothing.
  • Our own and/or industry mortality experience (which means we look at trends of when people die) and how we think they might change in future.

We currently declare investment returns four times each year and these will apply from 1 February, 1 May, 1 August and 1 November. The DIR we apply to your client’s policy will relate to the declaration on or immediately preceding the policy anniversary and depend on the entry date of the Pension Income Plus Annuity.


Recent Declared Investment Return

Our next investment returns will be declared in October 2017 for policies with anniversaries during the quarter beginning 1 November.

Our most recent declared investment returns and mutual bonus rates are shown below:

Entry-Date in the Quarter beginning

DIR

Mutual Bonus

Total

1 August 2012

8.50%

0.5%

9.00%

1 August 2013

8.50%

0.5%

9.00%

1 August 2014

7.75%

0.5%

8.25%

1 August 2015

7.75%

0.5%

8.25%

1 August 2016

1.50%

0.5%

2.00%

1 May 2012

7.50%

0.5%

8.00%

1 May 2013

7.00%

0.5%

7.50%

1 May 2014

6.50%

0.5%

7.00%

1 May 2015

5.75%

0.5%

6.25%

1 May 2016

3.75%

0.5%

4.25%

1 February 2012

8.75%

1.0%

9.75%

1 February 2013

8.00%

1.0%

9.00%

1 February 2014

7.75%

1.0%

8.75%

1 February 2015

5.25%

1.0%

6.25%

1 February 2016

5.00%

1.0%

6.00%

1 November 2011

8.50%

1.0%

9.50%

1 November 2012

8.00%

1.0%

9.00%

1 November 2013

7.50%

1.0%

8.50%

1 November 2014

5.75%

1.00%

6.75%

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Valuations

Valuations

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PPFM

PPFM

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More on our management approach

With profits

With-profits

Look through our yearly With-profits performance reports to keep your client up to date.

View our With-profits performance reports

Bond performance

Bond performance

See how our Flexible Guarantee Bond and Flexible Guarantee Bond Series 2 are performing.

View our bond performance

FOR UK FINANCIAL ADVISERS ONLY
LV=, County Gates, Bournemouth, BH1 2NF, UK