With-profit fund
A guide to how we manage our with-profit business
This document provides important information about our With-Profit Fund and explains briefly how our approach to managing the With-Profit Fund affects the amount you get back from your with-profit policy. It covers the main points from our full Principles and Practices of Financial Management governance document. Our full Principles and Practices of Financial Management provides a detailed description of our approach to managing our with-profit business. This document replaces the With-Profits Guide and may be known as our consumer friendly Principles and Practices of Financial Management.
The document is available by clicking on the link below. Paper copies can be obtained free of charge at the request of a policyholder by contacting the Company Secretary of the Firm at its trading address (Winterthur Way Basingstoke Hampshire RG21 6SZ).
Assets backing our with-profit business
This document provides details of the assets backing our with-profit business.
2006 Regular bonus declaration
This short guide explains the rationale for the regular bonus declaration for 2006 and how it affects your with-profit policy.
Principles and Practices of Financial Management
This document describes the governance procedures surrounding the financial management of the With-Profit Fund of Winterthur Life UK Limited ("the Firm"). All companies carrying on with-profit business are required by the Financial Services Authority ("the FSA") to define and make available their Principles and Practices of Financial Management ("the PPFM"). Please note that only the boxed paragraphs in section B of this document shall constitute the PPFM for the With-Profit Fund of the Firm. The other sections within this document have been included with the sole intention of clarifying the PPFM section and do not form part of those Principles or Practices, save to the extent that terms in the Glossary are incorporated in a Principle or Practice.
The aims of the PPFM are to:
- Inform policyholders and potential policyholders of the material risks and rewards from effecting and maintaining a with-profit policy; and
- Set out the key features of the management of Winterthur’s with-profit business, including relevant discretions and constraints and any issues which have (or it is reasonably foreseeable may have) a significant impact on such management.
The document is available by clicking on the link below. Paper copies can be obtained free of charge at the request of a policyholder by contacting the Company Secretary of the Firm at its trading address (Winterthur Way Basingstoke Hampshire RG21 6SZ).
