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RNPFN WITH-profits Interest Bearing Pension Policies

Interest Bearing Pension Policies explained

Interest bearing pensions

  • Some Liberty Pension Addplan and Liberty Personal Pension Plan policies are interest bearing pension policies which means that rather than having regular bonuses added, interest is added instead.
  • Each year we'll send these pension policyholders a statement that will show the latest value.

The most recently declared interest rates for these policies are shown below.

Period Beginning
 Interest Rate p.a.
6 July 2023 2.50%
6 April 2023
 0.50%
6 April 2022 0.50%
6 April 2021 0.50%
6 April 2020 0.50%
6 April 2019
 0.50%
6 April 2018
 0.50%
6 April 2017
 0.50%
6 April 2016
 0.50%
6 April 2015 1.10%
Period Beginning
 Interest Rate p.a.
6 July 2023 2.50%
6 April 2023
 0.50%
6 April 2022 0.50%
6 April 2021 0.50%
6 April 2020 0.50%
6 April 2019
 0.50%
6 April 2018
 0.50%
6 April 2017
 0.50%
6 April 2016
 0.50%
6 April 2015 1.10%
Increased financial strength of the RNPFN Fund meant that from 6 July 2023 we increased the interest rate for RNPFN interest bearing pensions. We expect the increased rate to be maintainable in future although we can’t promise this.

Final bonus

In 2016 we made some changes to how these policies work. They are now invested in the RNPFN With-Profits Fund and this means that in addition to the interest earned, a final bonus may now also be added to the value of these policies when they end. Any final bonus currently applying to a policy will be shown in the annual statement sent to policyholders. The links above include more information on the With-Profits Fund.
The booklet below ‘Changes to how your policy works’ contains more detail on the changes made and how this impacts these policies. This booklet was sent to policyholders with the annual statement mailed in 2016.
Download now (PDF, 118KB)