What is a with profits fund?
A With Profits fund is a type of ‘pooled investment’ fund. This means that you pay into the fund along with a number of other investors and your money is put together and invested in shares, bonds and property over a set period of time. Once all the costs of running the fund have been deducted, the money left over, i.e. the profit, is distributed to the fund’s policyholders. The amount of profit will depend on how well the investment fund is performing. For more information about With Profits funds and how they work, click here.
To find out more about your particular policy fund, click here.