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RNPFN WITH-profits Interest Bearing Pension Policies

Interest bearing pension policies

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 and provide policy information.
  • More information on interest bearing pension policies and how we manage the RNPFN Fund can be found in 'Your guide to how we manage the RNPFN Fund for with-profits business'.

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

Period Beginning
 Interest Rate p.a.
6 April 2025 2.50%
6 April 2024
 2.50%
6 July 2023 2.50%
6 April 2023 0.50%
Period Beginning
 Interest Rate p.a.
6 April 2025 2.50%
6 April 2024
 2.50%
6 July 2023 2.50%
6 April 2023 0.50%
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.