The Scottish Life Fund bonus report for 2020

Relevant planholders will receive their statement packs in June 2021.

Every year we issue The Scottish Life Fund annual bonus report to our customers who own certain conventional with profits plans in this fund.

This report includes:

  • A bonus statement for each plan which aims to provide information about the performance of plan over the last 12 months.
  • Annual Update booklet to keep you informed of the investment performance of the Scottish Life fund in the year ending 31 December 2020 and the benefits under your with profits plan.
  • Frequently Asked Questions leaflet.

Key Points


  • The investments backing with profits plans in the Scottish Life fund returned +2.6% during 2020.
  • Following actions we have taken to improve the financial position and performance of the fund, we were able to enhance asset shares for the first time since 2011, in January 2019. We have followed this up with further enhancements in July 2019, January 2020 and January 2021. We also continue to target pay-outs at more than 100% of asset share.
  • Regular bonus rates were maintained at 0.1%.


More information about the With Profits fund

The way in which we manage the Scottish Life fund is explained in detail in the Scottish Life PPFM documents in the Royal London PPFM section of this website.

You can view and download the following documents together with the most recent report about how we have complied with the PPFM or you can ask us to send you copies by calling us on 0345 60 50 050.

What are the relevant plan types?

  • Budget Plan
  • Endowment Assurance
  • Individual Pensions Arrangement
  • Individual Pensions Arrangement - Term Assurance
  • Low Cost Mortgage Plan
  • Whole of Life Assurance
  • Personal Pension Bonus Bond
  • Personal Pension Plan
  • Personal Pension Policy

How can I find out more?

If you need any more information or have any questions on the Scottish Life fund or your with profits plan please call us on 0345 60 50 050 between 8.00am and 6.00pm Monday to Friday.