Scottish Equitable Life and Pension With Profits Policies

Scottish Equitable

Ownership status

Scottish equitable is part of the AEGON group and is no known as AEGON Scottish equitable.

Range of Policies

AEGON Scottish mutual offer many types of with profits policies. Traditional with-profits policies such as life and pensions policies, and also Unitised life and pension policies.

Financial Strength

Standard and poors - AA/Stable/

Moody’s - A2

MVRs

Scottish Equitable, levies a maximum MVR of 20 per cent on its with-profits bond holders and pension clients. BBC reported that Scottish Equitable imposed a penalty of 28% on one policyholder-August 2002. Daily Mail ( 22 Aug 2002) says MVRs were applied on 13 different products between January and August, including its group and individual personal pension plans. In 2003 and 2004 maximum market value reductions were 26%.

Asset Share

WP life growth fund and WP pension growth fund

Assets	%
UK and overseas equities	60%-90%
UK and overseas fixed interest securities	10%-40%
Cash and others	0%-5%

WP Life and pension cautious funds

Assets	%
UK and overseas equities	20%-50%
UK and overseas fixed interest securities	30%-70%
Property	0%-25%
Cash and others	0%-5%

With-profits return and bonus rates

	3m return	6m return	1yr return	3yr return	5yr return	10yr return	25yr return
WP life fund	0.1%	0.1%	0.3%	1.5%	6.3%	N/A	N/A
WP Growth Life fund	-1.3%	2.3%	9.8%	30.5%	N/A	N/A	N/A
WP life cautious	-0.3%	1.4%	5.8%	20.5%	N/A	N/A	N/A
Sector Average	0.5%	1.2%	3.0%	9.6%	16.3%	N/A	N/A

High equity WP pension	0.3%	0.5%	0.7%	2.0%	7.6%	N/A	N/A
WP cautious Pention	-0.4%	1.2%	7.0%	22.8%	N/A	N/A	N/A
WP growth Pention	-1.5%	2.4%	10.4%	34.7%	N/A	N/A	N/A
Sector average	0.6%	1.4%	3.3%	10.8%	18.2%	N/A	N/A

WP endowment	N/A	N/A	N/A	N/A	N/A	2.6%	9.1%

Source: www.trustnet.com
Money management magazine

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