With-Profits Policy

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With-Profits Policy

A chiefly British and Commonwealth term for a participating policy.
References in periodicals archive ?
Prudential claims an estimated pounds 22 billion has been added to the value of its with-profits fund since 2002; its fund is up 92.
The payouts to investors with pensions, endowments and bonds follows a bumper year for the firm's with-profits fund.
It also offers an opportunity for income growth by linking to the company's with-profits fund, said Prudential.
FRIENDS Provident is cutting final bonuses to long-term savers after the value of its with-profits fund slid by more than 7% during the first half of the year.
Another is a with-profits fund now closed to new business.
In just over 2 1 /2 years the UK stock market has fallen by nearly 40%, yet the strength of our well-diversified with-profits fund has shielded our investors from the full impact of this decline.
The mutual does not issue profit statements, but instead announces results on a yearly basis for its with-profits fund, which in 2010 clocked up a 13.
7bn in so-called orphan assets left in its with-profits fund to boost regulatory capital surplus by pounds 300m, with clearance from the Financial Services Authority (FSA).
Equitable also announced that it had maintained bonus rates for its with-profits policyholders at 5% for the first half of the year, despite the with-profits fund making an effective net loss of 0.
One of the funds we offer is a with-profits fund which is guaranteed.