Information on with-profits

Investing in with-profits is not available on new policies.

Some existing unit linked policies may have the option to invest in With Profits through top ups or switches. See the with-profits section on for more information.

With-profits overview

With-profits documents and podcast

With-Profits Operating Principles

This document sets out our With-Profits Operating Principles. These are the principles by which we manage our Heritage With-Profits Fund and the business in it.

With-Profits Operating Principles

Annual Report on Heritage With-Profits Fund

This report relates to 2020, but we understand that you may have concerns about the current impact of the Covid-19 pandemic. There have been no changes to our principles for the management of our Heritage With-Profits Fund. Any guarantees associated with your policy are unaffected by the pandemic. For more information on our pandemic response, visit our dedicated COVID-19 page.

2020 Annual Report on Heritage With-Profits Fund

Investment report

This is the most recent quarterly with-profits investment report. It sets out the mix of assets for different categories of with profits business and the investment returns on these assets.

With-profits Investment Report

Bonus update

This is the most recent adviser briefing for with-profits bonus update.

With-profits Bonus Update


Hear about some potentially valuable guarantees your with-profits customers can benefit from.

With-profits fund guarantees

With-profits fund guarantees transcript