We expect to close the Britannic Industrial Branch Fund on 1 October 2026. After that, we’ll work out your future guaranteed bonuses and write to you with the information you need. You’ll hear from us early next year, around January 2027.

Here’s a timeline of what you can expect to happen

June 2026

We’re writing to impacted customers to tell them about the fund closure.

September 2026

Whole of Life customers who pay premiums only

We’ll write to customers to remind them to cancel their standing order.

1 October 2026

We expect the fund to close. With-profit policies will become non-profit and will move to the Non-Profit Fund.

October 2026 to January 2027

We’re taking care to calculate your future guaranteed bonuses accurately for you.

January 2027

We expect to write to impacted customers to confirm future guaranteed bonuses.