WITH-PROFITS FUND INFORMATION
Want to know how we manage our With-Profits Fund?
what we do
Your guide to how we manage our with-profits business
These documents include information on:
- What the With-Profits Fund is
- The aim of the With-Profits Fund
- How the With-Profits Fund works
- How returns on policies are decided
- What bonuses we pay
There are different versions of the guide available depending on what with-profits product you have or are considering investing in. The different versions are listed below.
'Your guide to how we manage our with-profits business' is a customer friendly version of a more technical document called the 'Principles and Practices of Financial Management' (PPFM) which we use to manage the With-Profits Fund.
'Your guide to how we manage our with-profits business' is a customer friendly version of a more technical document called the 'Principles and Practices of Financial Management' (PPFM) which we use to manage the With-Profits Fund.
Conventional with-profits policies and With Profits Pension Annuity
- Most policies taken out with Liverpool Victoria Financial Services Limited before 1997 will be conventional with-profits policies and the document below should be the relevant guide for you. If you have a With Profits Pension Annuity you will also require this version.
Accumulating with-profits policies (accumulating with profit plans)
- If you have a Flexible Whole Life Plan or Appropriate Personal Pension Plan, you will require the accumulating with-profits version of this guide.
Unitised with-profits policies post-1997
- Most policies taken out from January 1997 onwards are unitised with-profits policies. If you have a unitised with-profits policy you will need this guide.
LV= Smoothed Managed Funds Plan/Bond
- If you have invested in, or are considering investing in the Smoothed Managed Funds Bond Series 1, Smoothed Managed Funds Pension Series 1 (available via the LV= SIPP or LV= Pension Portfolio/Junior Pension Portfolio), Smoothed Managed Funds ISA Series 1 (available via our LV= ISA Portfolio/JISA Portfolio) or the Smoothed Managed Funds Trustee Investment Plan Series 1, you will need this guide.
Flexible Guarantee Bond (all series), Flexible Guarantee Funds (all series), All-In-1 Investment Bond, Guaranteed Capital Bond or the Flexi Guarantee Plan
- If you have invested in the Flexible Guarantee Bond (all series), Flexible Guarantee Funds (all series), All-In-1 Investment Bond, Guaranteed Capital Bond or the Flexi Guarantee Plan you will need this guide.
LV= ISA
- If you have invested in, or are considering investing in the LV= ISA, you will need this guide.
Pension Income Plus Annuity
- If you have a Pension Income Plus Annuity, you will need this guide.
LV= Fixed Term Annuity or LV= Fixed Term Investment
- If you have purchased, or are considering purchasing, a LV= Fixed Term Annuity or LV= Fixed Term Investment, you will need this guide.
Customers with RNPFN policies
- If you took out a with-profits policy through RNPFN (a policy which was underwritten by RNPFN, before they were acquired by Liverpool Victoria), you will need the RNPFN version of the guide.
Customers with Teachers Assurance policies
- If you took out a with-profits policy through Teachers Assurance (a policy which was underwritten by Teachers Assurance, before they were acquired by Liverpool Victoria), you will need the Teachers Assurance version of the guide.