Your policy is invested in the Phoenix Life Limited Britannic With-Profits Fund.
This includes with-profits policies that moved to Century Life from National Employers Life, Sentinel Life and Prosperity Life.
Your policy documents should tell you what type of policy you have or, if you are not sure, please contact us.
For general information on when we pay annual and final bonuses, and how we work them out, please see our guide to how with-profits bonuses work.
Our With-Profits Committee provides an independent review of all matters relating to with-profits. For information on our With-Profits Committee please see our With-Profits Committee Terms of Reference.
How we manage your with-profits fund
We produce two documents that explain how we manage your with-profits fund.
The first is known as the ‘Principles and Practices of Financial Management’ (PPFM). This is a technical document, often used by financial professionals to understand how we run our business. The ‘principles’ cover our long term approach and the ‘practices’ are shorter-term, and may change more often as we respond to changes in the business and economic climate.
Principles and Practices of Financial Management (PPFM)
We also produce a shorter, customer-friendly version of the PPFM called ‘How we manage the Phoenix Life Limited Britannic With-Profits Fund’. This guide explains in simpler language how we do things, including how we determine payout values, our investment strategy and how we manage risk.
How we manage the Phoenix Life Limited Britannic With-Profits Fund
Please take a look at the relevant leaflet below for the latest information on your policy.
Information leaflet for former National Employers Life (NEL) policies
Information leaflet for former Sentinel Life policies
Information leaflet for former Prosperity Life Assurance (PLA) policies
Our latest annual report for the Phoenix Life Limited Britannic With-Profits Fund shows you how we have managed our with-profits business during the year in line with our Principles and Practices of Financial Management. It shows what we have done to make sure we treat you fairly.
Annual report for the Phoenix Life Limited Britannic With-Profits Fund