ProfitShare from Scottish Friendly

A With-Profits fund is an investment fund that pools money from customers to invest in a mix of assets like stocks, bonds, and property. It smooths returns over time, reducing the impact of market ups and downs, and shares profits with customers through bonuses.

Profits are shared with eligible members through bonuses. Some may be added regularly to your plan increasing your guarantee, and a final bonus paid when your plan ends. These bonuses come from the investment growth in the fund and the ProfitShare addition.

You receive your share of our profits as part of your bonuses. We call this ProfitShare.

Eligibility depends on the type of plan you have. Typically, you need a qualifying With-Profits plan. Check your plan’s terms or contact us to confirm if you’re eligible.

Any returns from investment in our With-Profits fund are calculated based on the fund’s performance, which depends on how its investments, like stocks, bonds, and property, perform.

To reduce big ups and downs, returns are “smoothed” over time. Profits may then be shared as bonuses, helping your investments grow steadily.

With-Profits funds are offered by insurance companies and other financial service providers. They pool customer investments into the fund and manage it with the aim to provide steady growth and bonuses.

A mutual is a financial services provider that is owned by its customers, not external shareholders. Any profits are reinvested into the business or shared with customers, rather than paid as dividends to shareholders. This structure allows mutuals to focus entirely on serving their customers’ needs and supporting their communities.