Annual Bonuses

Peter Green, Chief Executive said:

“We’re very pleased to have been able to declare competitive bonuses on all of the policies in our Ethical With-profits Fund. The balanced mix of assets in our With-profits Fund continues to enable us to provide our members with a consistent return on their savings even though global investment markets are still exhibiting significant volatility. 

“All of our savings and investment products are designed for the medium to long term. Unlike unit-linked schemes, members investing in our With-profits products benefit from our prudent investment strategy. This involves holding back some of the profits during years of good market performance to ensure that we can still pay bonuses to members during more volatile periods.

“This also enables our members to benefit from a more stable investment journey without risking the daily ups and downs associated with some stock market investments. This stability is particularly valuable when members are saving for a particular purpose and need to withdraw their funds at a specific time in life.

“I'm sure that members who have a Healthy Investment Ethical ISA or Investment Bond will be really pleased with the stable nature of their investment and its decent return”.

Peter attributes this good performance to the Society continuing to keep its costs under control and retaining the balanced portfolio of investments in its With-profits Fund.

We have successfully kept our costs at one of the lowest of comparable organisations and it will be a continuing priority for the Society.