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How we manage the with profits funds

Phoenix Life Limited - Alba With-Profits Fund


Policy formerly with Alba Life


The tables below will help you find the guide that applies to your policy. If you have any difficulties in deciding which guide(s) you should read, please contact us.

If you are an individual policyholder

Type of Policy How Can I Tell?
Traditional with profits policy.
  • Endowment
  • Whole of Life
  • Pension or deferred annuity

Your policy has a sum assured (or, for pension or deferred retirement annuity policies, an annuity or cash sum).

 

Type of Policy How Can I Tell?
Unitised with profits policy.
  • Endowment
  • Pension
  • Your policy is called a Homeplan.
  • Your policy is a personal pension, Free standing AVC or executive pension plan (but these policy descriptions are not unique to this group).

 

Type of Policy How Can I Tell?
Policy invests in the
  • With profits performance fund
  • With profits pension fund
Your policy is a called:
  • Mortgage Minder
  • Universal Whole Life or Your Whole Life
  • Capital Investment Bond
Your policy is a personal pension or executive pension plan (but these policy descriptions are not unique to this group).

 

Corporate (Group Pension Scheme) Business


If you are a member of pension scheme

Type of Policy How Can I Tell?
Traditional with profits pension or deferred annuity policy

Your policy has an annuity or cash sum.

 

Type of Policy How Can I Tell?
Unitised with profits pension policy

Your policy is a personal pension, AVC or executive pension plan (but these policy descriptions are not unique to this group).

 

Type of Policy How Can I Tell?
Policy invests in the Assured Growth Fund / Scheme (sometimes called the Capital Guarantee Fund) pension policy This includes policies called:
  • Alpha plan
  • Beta plan
  • Omega plan
  • Group pension plan
but includes other pension, AVC, money purchase, investment and buy out policies.

 

Type of Policy How Can I Tell?
Pension deposit administration policy other than those invested in the Assured Growth Fund / Scheme or Capital Guarantee Fund. This includes policies called:
  • Versatile plan
  • Nestegg plan
  • Laserplan
but includes other pension, AVC, money purchase, investment and buy out policies.

 

Type of Policy How Can I Tell?
Policy invests in the Unitised Capital Guarantee Fund

Policy invests in the Unitised Capital Guarantee Fund.

 

Type of Policy How Can I Tell?
Policy invests in the with profits pension fund

Your policy is a personal pension or executive pension plan (but these policy descriptions are not unique to this group).

 

If you are a pension scheme trustee or administrator

Type of Policy How Can I Tell?
Deposit administration policy based on the Assured Growth Fund / Scheme (sometimes called the Capital Guarantee Fund) This includes policies called:
  • Alpha plan
  • Beta plan
  • Omega plan
  • Group pension plan
but includes other pension, AVC, money purchase, investment and buy out policies.

 

Type of Policy How Can I Tell?
Emeritus deposit administration policy

Policy is called Emeritus

 

Type of Policy How Can I Tell?
Deposit administration policy based on the Long Term Accumulation System

Policy refers to Long Term Accumulation System.

 

Type of Policy How Can I Tell?
Controlled Funding

Controlled funding money purchase or final salary pension scheme.

 

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