Important information about switching

With Profits customers should consider that if they switch investments they:

• May be subject to the application of a Market Value Reduction (MVR).
• May make the policy / plan non-qualifying for tax purposes (life policies only).
• May lose out on investment growth if their policy / plan has a guaranteed minimum annual growth rate (Contractual Annual Interest / Contractual Minimum Addition applies, at varying rates, to certain vintages of plans).
• May lose on their pension if their policy / plan includes a guaranteed annuity rate.
• May lose out on the opportunity of taking a guaranteed return of the original capital.

Switch Instruction Forms

• Investment Bond and With Profits Bonds (Sold After November 1999) (W11473) (pdf - 43 KB)
• Personal Pension and Stakeholder Pension Plans (W11833) (pdf - 58 KB)
• Unitised With Profits Savings Plans (Including Flexible Mortgage Plans) (W1240) (pdf - 68 KB)
• Investment Bonds (Purchased Before November 1999) (W0472).pdf (pdf - 152 KB)
• Buy Out Pension Plans (W9929) (pdf - 72 KB)
• Occupational Pension Plans (W10015) (pdf - 69 KB)