Heritage With Profits Fund Investment Report: UK Life Business
|
|
- Mitchell Page
- 5 years ago
- Views:
Transcription
1 Heritage With Profits Fund Investment Report: UK Life Business Q This leaflet gives information on the following factors that affect with profits plan values types of assets how these affect investment returns investment market conditions asset mixes the asset mix for different classes of with profits life business asset and investment return details for each asset mix This leaflet is intended for individuals who are familiar with investment terminology. If you need an explanation of the terms used us at Please note that there is no guarantee that any sent will be received, or that the contents will remain private during internet transmission. Factors that affect with profits plan values The return on the asset mix is only one of the factors that affect with profits plan values. Other factors are the deductions we make, and any other discretionary adjustments that we may apply such as smoothing. The deductions are for example for costs of guarantees and our expenses. When Standard Life demutualised on 10 July 2006 the Heritage With Profits Fund was set up with an Inherited Estate. At least once a year we review whether it s appropriate to make distributions from the Inherited Estate. We use any distributions that we make to enhance with profits payouts. Some with profits plans guarantee a minimum payout, for example when you die or when your plan reaches its maturity date, as long as all payments have been made when due. The payout will then be at least the guaranteed benefit, even if the investment returns have been poor. Types of assets We invest in a wide range of assets including equities, property, bonds and cash deposits. We expect that a higher proportion of equities and property will produce returns that are higher over the long term, but more variable over the short term. We expect that a higher proportion of bonds and cash will result in returns that are more stable, but lower over the long term. Investment Market Conditions Fears about the health of the global economy persisted US Federal Reserve postponed further interest rate rises while central banks in Europe and Japan eased policy further Major equity markets were volatile and mostly weaker Bond markets were volatile and mostly stronger UK Equities Worries about a possible Brexit dominated in the UK. This weighed on sentiment, with investors both at home and abroad reluctant to buy UK assets. Sterling also came under pressure. Worries about the state of the global economy further dampened spirits. Nonetheless, the market was able to recover somewhat along with all others, thanks to European Central Bank (ECB) stimulus measures, better Chinese data and hopes that US rates rises will be slower than first thought. Equities US equities managed to deliver a small positive return despite a turbulent three months. The period began with concerns that the US economy might be heading for recession. Rising jobless claims and continued weakness in the manufacturing sector were the principal reasons behind this. However, as the jobless claims resumed their previous downwards trend in February, fears of a recession eased. Nonetheless, this uncertainty around domestic and global growth led the Federal Reserve to defer interest rate rises and helped to calm markets. Heritage With Profits Fund Investment Report: UK Life Business 01/06
2 European equities had a difficult start to the year. Limited growth and uncertainty around the effectiveness of monetary policy were key drivers of sentiment. The corporate reporting season did not offer clear evidence of earnings growth, with the oil sector suffering and banks struggling with low and negative interest rates. By the end of the quarter, further action by the ECB, the absence of a precipitous decline in corporate earnings and no deterioration in the banking sector allowed the market to steady. Interest bond markets fluctuated throughout the quarter, but US Treasuries, German bunds and UK gilts all delivered positive returns as their yields ended the period lower (i.e. bond prices ended higher) than they began. Core yields fell as investors sought out safe haven bonds due to concerns about recession in the US, fears around the potential impact of Brexit in the UK and further support measures announced by the European Central Bank, notably further purchases of government and for the first time corporate bonds. It was a dramatic three months for investors in corporate bonds. Mediocre US economic data, continued uncertainty about the Chinese economy and the oil price s ongoing descent compounded concerns that global growth was slowing. This helped the duration component of corporate bonds but caused their spreads to widen which hindered their performance. However, after central banks once again came to the rescue, credit investors took heart and in March credit spreads managed to recover much of the lost ground. Property Returns from UK commercial real estate moderated further during Q1, with capital value growth reducing for the seventh consecutive month. Rental growth generally remained positive because of strong occupier markets, where many tenants are looking to commit for the long term or seeking additional space. From an investment perspective, volumes were 25% lower in January and February than the previous year, as more investors wait for the outcome of the UK s EU referendum. Asset Mix Our aim when managing our with profits business is to provide growth over the long term, while continuing to maintain an appropriate level of financial strength so that we can meet all contractual obligations to our customers. We currently have four different asset mixes for our life business. Class of with profits business Fund Name (see your plan statement) Asset Mix Page Asset mix 4 is for With Profits Pension Annuities and this, together with Stakeholder With Profits, is covered in our Heritage With Profits Fund investment report for pension business. Unitised life plans for which a minimum unit price growth rate of 3% a year applies With Profits Bond Homeplan and other unitised life plans not included above Mortgage endowments and other conventional life with profits plans With Profits Fund Asset Mix 1 3 Life With Profits Fund Life With Profits 2 Fund Life With Profits 2006 Fund Life With Profits Fund Life With Profits Fund S2 Life With Profits Fund S2 Life With Profits 2006 Fund Asset Mix 2 4 Asset Mix 3 5 N/A Asset Mix 5 6 We regularly review the asset mix that backs our with profits business, taking account of such things as: the nature and size of the guarantees for each class of with profits business the strength of the fund any changes in current and expected future market conditions. Note: the asset mix will also change as market values change. Any change in the asset mix is likely to result in a change in future returns and plan payouts, see page 1 Types of assets and Factors that affect with profits plan values. But it will not affect existing guarantees. 02/06 Heritage With Profits Fund Investment Report: UK Life Business
3 Asset Mix 1: With Profits Fund UK equities 7.9% equities 4.0% market/ equities 2.1% Property 5.5% Interest 13.7% Other* 66.8% * Bonds & Other includes index 1. UK Govt 5% UK Govt 4.75% UK Govt 2% UK Govt 2.5% IL UK Govt 1.25% 2018 Asset Mix 1-2.3% 0.8% 0.4% 2.5% Asset Mix 1 is predominately invested in fixed interest and other bonds, in particular government bonds. This reflects the relatively higher guarantees provided by the classes of business backed by Asset Mix 1. The returns in Q1 reflect the positive returns in most asset classes tempered to an extent by the fall in UK and Global equities. Asset mix details for last five calendar years Asset mix as at 31 December UK Equities 11% 9% 11% 10% 8% Equities 4% 3% 5% 5% 4% Market / non quoted equities 2% 1% 3% 3% 2% Property 6% 6% 5% 5% 6% Interest & Other* 77% 81% 76% 77% 80% * Interest & Other includes fixed interest, bonds including index linked bonds, cash deposits and money. 8.7% 5.7% 2.6% 9.9% 1.7% Heritage With Profits Fund Investment Report: UK Life Business 03/06
4 Asset Mix 2: With Profits Bond UK equities 34.4% equities 15.6% market / equities 2.5% Property 18.6% Interest 8.7% Other* 20.2% * Bonds & Other includes index 1. UK Govt 1.25% UK Govt 2% UK Govt 5% UK Govt 2.5% IL UK Govt 4.75% 2020 Asset Mix 2-0.8% -2.9% 3.0% 0.4% Asset Mix 2 is predominately invested in equities, in particular UK equities. The returns in Q1 reflect the positive returns in most asset classes tempered to an extent by the fall in UK and Global equities. Asset Mix details for last five calendar years Asset Mix as at 31 December UK Equities 34% 35% 39% 35% 35% Equities 13% 13% 17% 16% 16% Market/ equities 5% 5% 3% 3% 3% Property 18% 17% 17% 18% 18% Interest & Other* 30% 30% 24% 28% 28% * Interest & Other includes fixed interest, bonds including index linked bonds, cash deposits and money. 1.8% 10.2% 15% 7.8% 3.5% 04/06 Heritage With Profits Fund Investment Report: UK Life Business
5 Asset Mix 3 - See Page 2 for list of funds applicable UK equities 30.1% equities 13.7% market / equities 2.6% Property 16.8% Interest 13.5% Other* 23.3% * Bonds & Other includes index 1. UK Govt 2.5% IL UK Govt 2% UK Govt 4.75% UK Govt 1.25% UK Govt 5% 2018 Asset Mix 3-1.2% -2.3% 2.6% 0.8% Asset Mix 3 is predominately invested in equities, in particular UK equities. The returns in Q1 reflect the positive returns in most asset classes tempered to an extent by the fall in UK and Global equities. Asset Mix details for last five calendar years Asset mix as at 31 December UK Equities 30% 31% 36% 32% 31% Equities 12% 11% 15% 15% 14% Market/ equities 4% 5% 3% 3% 3% Property 16% 15% 15% 16% 16% Interest & Other* 38% 38% 31% 34% 36% * Interest & Other includes fixed interest, bonds including index linked bonds, cash deposits and money. 2.9% 9.8% 13% 8.3% 3.2% Heritage With Profits Fund Investment Report: UK Life Business 05/06
6 Asset Mix 5: Conventional life with profits plans UK equities 19.6% equities 9.3% market / equities 3.4% Property 17.4% Interest 9.7% Other* 40.6% * Bonds & Other includes index 1. UK Govt 1.25% UK Govt 2% UK Govt 2.5% IL UK Govt 5% UK Govt 4.5% 2019 Asset Mix 5-0.6% -1.7% 2.3% 0.9% Asset Mix 5 is predominately invested in fixed interest, government bonds and other bonds. The returns in Q1 reflect the positive returns in most asset classes tempered to an extent by the fall in UK and Global equities. Asset Mix details for last five calendar years Asset Mix as at 31 December UK Equities 24% 23% 27% 20% 16% Equities 9% 8% 10% 10% 9% Market/ equities 3% 3% 3% 3% 4% Property 13% 13% 14% 19% 21% Interest & Other* 51% 53% 46% 48% 50% * Interest & Other includes fixed interest, bonds including index linked bonds, cash deposits and money. 4.9% 7.9% 9.7% 6.5% 2.9% Standard Life Assurance Limited is registered in Scotland (SC286833) at Standard Life House, 30 Lothian Road, Edinburgh EH1 2DH. Standard Life Assurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. WP Standard Life 06/06
With profits investment report
With profits investment report Quarter 4, This report gives information on the following factors that affect with profits policy values types of assets how these affect investment returns investment market
More informationWith profits investment report
With profits investment report Quarter 2, 2017 This report gives information on the following factors that affect with profits policy values types of assets how these affect investment returns investment
More informationUnderstanding with profits. With Profits Pension Annuity
Understanding with profits With Profits Pension Annuity This booklet tells you how we manage our With Profits Pension Annuity business only. There are separate With Profits guides for other types of with
More informationUnderstanding with profits. Stakeholder plans that started before 10 July 2006
Understanding with profits Stakeholder plans that started before 10 July 2006 This booklet tells you how we manage our with profits business for Stakeholder plans that started before 10 July 2006. i A
More informationGuide to your with profits investments for pensions
Guide to your with profits investments for pensions An investment that includes some valuable guarantees. What is a with profits investment? A medium to long-term investment that can: Help protect your
More informationManaged Annuity Lifestyle Profile
Managed Annuity Lifestyle Profile Our Managed Annuity Lifestyle Profile is designed for customers who plan to take their full tax-free lump sum and buy a fixed annuity with the rest of their pension savings
More informationTraditional With-Profits (TWP) fund factsheet
For customers With-Profits Investments Traditional With-Profits (TWP) fund factsheet Quarter three 2018 Fund description Traditional With-Profits (TWP) covers a range of non-unitised Life products such
More informationInvestment Update Retail Pension November 2018
Investment Update Retail Pension November 2018 This communication is intended for investment professionals only and must not be relied on by anyone else. Investment Indices - Annual growth up to 01/11/2018
More informationStakeholder Pension Plan from Standard Life
Stakeholder Pension Plan from Standard Life (Transfer payment) KEY FEATURES Before you buy a Stakeholder Pension Plan, we want you to be sure that you know what the decision will mean for you: what this
More informationGARS update for investors performance review
GARS update for investors 2018 performance review Staying close to your investments We understand how important your investments are to you, and to your future. Together with your financial adviser, we
More informationQuarterly market summary
Quarterly market summary 3rd Quarter 2017 Economic overview Economic data released during the quarter seemed to signal a continuation of synchronised global recovery in almost all regions. This is being
More informationDescription of lifestyle profiles
Description of lifestyle profiles Standard Life Global Equity (50:50) Active Lifestyle Profiles Lifestyle profiles are designed for customers investing for retirement. The funds used within lifestyle profiles
More informationWith-Profits Endowment fund (WPE) factsheet
For customers With-Profits Investments With-Profits Endowment fund (WPE) factsheet Quarter one 2018 Fund information Fund provider Aegon Fund launch date January 1985 Fund description This fund can invest
More informationQuarterly market summary
Quarterly market summary 4th Quarter 2016 Economic overview Economies around the world appear to be relatively resilient, with data signalling that in many countries, economic activities are expanding
More informationQuarterly market summary 4th Quarter 2018
POOLED PENSIONS Quarterly market summary 4th Quarter 2018 Economic overview As the quarter progressed, investors became increasingly concerned about the outlook for the world economy. The perception was
More informationInvestment Update UK Institutional Funds April 2018
Investment Update UK Institutional Funds April 2018 This communication is intended for investment professionals only and must not be relied on by anyone else. After some deceleration in global activity
More informationVariable Protection Plan
Variable Protection Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard
More informationHomeplan. Key features. Helping you decide
Homeplan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard Life, to give
More informationQuarterly Range Report
Quarterly Range Report Active Plus Range - Q3 2018 Pension Insured Funds S4 Retail Active Plus There are five Active Plus Pension Funds, ranging from lower through to higher risk (I to V). Each fund invests
More informationQuarterly Range Report
Quarterly Range Report MyFolio Market Range - Q3 2018 OEIC Ret MyFolio Market Ratings MyFolio is a flexible solution consisting of 25 multi-asset funds of funds, split into five ranges (three growth and
More informationDescription of lifestyle profile
Description of lifestyle profile SL MB AVC Lifestyle A Profile Lifestyle profiles are designed for customers investing for retirement The funds used within lifestyle profiles depend on the profile chosen
More informationStakeholder Pension Plan Key Features
Stakeholder Pension Plan Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard
More informationQuarterly Range Report
Quarterly Range Report MyFolio Market Range - Q1 2019 Pension Insured Funds S4 Retail MyFolio Market MyFolio is a flexible solution consisting of 25 multi-asset funds of funds, split into five ranges (three
More informationNovember PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy
PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy November 2015 John Praveen, PhD Chief Investment Strategist FOR MORE INFORMATION CONTACT: Theresa Miller Phone:
More informationGroup Stakeholder Pension Plan Key features
Group Stakeholder Pension Plan Key features This is an important document. Please read it and keep for future reference. Key features document: Pages 1 17. Terms and conditions for joining: Pages 17 20.
More informationPrudential International Investments Advisers, LLC. Global Investment Strategy May 2008
Prudential International Investments Advisers, LLC. Global Investment Strategy May 2008 By John Praveen, Chief Investment Strategist For Market Commentary Interviews Contact: Lisa Villareal, 973-367-2503/lisa.villareal@prudential.com
More informationPrudential International Investments Advisers, LLC. Global Investment Strategy & Outlook For 2009
Prudential International Investments Advisers, LLC. Global Investment Strategy & Outlook For 2009 December 17, 2009 By John Praveen, Chief Investment Strategist For Market Commentary Interviews Contact:
More informationTrustee Buy-Out Plan. Key Features. Helping you decide
Trustee Buy-Out Plan Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard
More informationMarket Overview. Australian Shares
Market Overview Australian Shares Australian shares were weakening even before the global late August squall and were always likely to travel badly when market conditions turned bumpy: o For the quarter,
More informationMonthly Economic Review
Monthly Economic Review FEBRUARY 2018 Based on January 2018 data releases Bedfordshire Chamber of Commerce Headlines UK GDP growth picked up in Q4, driven by stronger output from the services sector The
More information02/12 Your Pension Funds
Your Pension Funds Standard Life offers a wide choice of professionally managed investment linked funds to allow you to achieve the balance you require between volatility and growth potential. This document
More informationMay PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy
PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy May 2016 Stocks under Shadow of Brexit Risk & Weak Earnings but likely to Grind Higher with Central Bank Put. Bonds
More informationGroup Stakeholder Pension Plan Key features
Group Stakeholder Pension Plan Key features This is an important document. Please read it and keep for future reference. Key features document: Pages 1 17. Terms and conditions for joining: Pages 17 20.
More informationActive Plus III Universal Strategic Lifestyle Profile
Active Plus III Universal Strategic Lifestyle Profile The Active Plus III Universal Strategic Lifestyle Profile (SLP) has been chosen as the low-involvement option for your pension plan. It s considered
More informationStakeholder Pension Plan
Stakeholder Pension Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard
More informationWrap ISA and Wrap Personal Portfolio
Wrap ISA and Wrap Personal Portfolio Key Features This key features document is for UK residents only. The Financial Conduct Authority is a financial services regulator. It requires us, Standard Life,
More informationPerformance Summary September 2015
Performance Summary September 2015 SA Metropolitan Fire Service Superannuation Scheme Funds SA is responsible for investing the assets of the SA Metropolitan Fire Service Superannuation Scheme. In this
More informationQuarterly market summary
Quarterly market summary 1st Quarter 2017 Economic overview Data appears to signal that economic activity is picking up around the world, with many forecasts for growth being revised upwards. This has
More informationM&G Gilt & Fixed Interest Income Fund
M&G Gilt & Fixed Interest Income Fund a sub-fund of M&G Investment Funds (2) Interim Short Report November 2017 For the six months ended 30 November 2017 Fund information The Authorised Corporate Director
More informationDescription of lifestyle profile
Description of lifestyle profile SL MB DC Lifestyle Profile Lifestyle profiles are designed for customers investing for retirement The funds used within lifestyle profiles depend on the profile chosen
More informationGroup Additional Voluntary Contributions Plan
Group Additional Voluntary Contributions Plan Annuity Review This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator.
More informationSummary of fund changes
Life funds Event Type Fund Name Fund Code Effective Date Description Change JP Morgan have changed the name of their fund and updated their fund objective to better reflect the investment strategy of the
More informationPerformance Summary June 2015
Performance Summary June 2015 SA Metropolitan Fire Service Superannuation Scheme Funds SA is responsible for investing the assets of the SA Metropolitan Fire Service Superannuation Scheme. In this summary,
More informationEXAMPLE was a weaker year for real estate. Full-year returns are unlikely to match the double figures achieved in 2017.
This summary provides market commentary from our investment experts, and details any changes made to Portfolio 5 during the fourth quarter of 2018. The commentary is intended to give you a general overview
More informationFlexible Guarantee Bond, Flexible Guarantee Bond Series 2, Flexi Guarantee Plan and Flexible Guarantee Funds. Investment Report 2016
Flexible Guarantee Bond, Flexible Guarantee Bond Series 2, Flexi Guarantee Plan and Flexible Guarantee Funds Investment Report 2016 Flexible Guarantee Bond, Flexible Guarantee Bond Series 2, Flexi Guarantee
More informationExecutive Pension Plan
Executive Pension Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard
More informationSmall Self-Administered Scheme
Small Self-Administered Scheme Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us,
More informationQuarterly market summary
Quarterly market summary 2nd Quarter 2017 Economic overview Economic indicators, such as employment statistics, manufacturing activity and company profits, seem to indicate that the global economy is recovering
More informationLegal & General Multi Manager Income Trust Annual Manager s Short Report for the year ended 15 January Distribution Number 35
Legal & General Multi Manager Income Trust Annual Manager s Short Report for the year ended 15 January 2017 Distribution Number 35 Investment Objective and Policy The investment objective is to achieve
More informationOur unitised and new generation with-proits funds
For customers Our unitised and new generation with-proits funds What s this guide for? 02 What funds does this guide cover? What s not included? Where can I find out more? Deinitions 04 With-proits 05
More informationFree Standing Additional Voluntary Contributions Plan
Free Standing Additional Voluntary Contributions Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator.
More informationWith-Profits Performance Bond Fund (WP0) factsheet
For customers With-Profits Investments With-Profits Performance Bond Fund (WP0) factsheet Quarter three 2018 Fund information Fund provider Aegon Fund description The WP0 fund invests in a wide range of
More informationHigh Equity With-Profits Fund (WP2) factsheet
For customers With-Profits Investments High Equity With-Profits Fund (WP2) factsheet Quarter four 2017 Fund information Fund provider Aegon Fund launch date February 1996 Fund description The WP2 fund
More informationInvestment Report. Corporate Investment Proposition Passive Plus Funds Report. Standard Life
Investment Report Standard Life Corporate Investment Proposition Q1 2017 Corporate Investment Proposition 1 Our Corporate Investment Proposition is made up of a family of carefully constructed risk-based
More informationPersonal Managed Funds and Future Lifestyle Plan. Investor Report
Personal Managed Funds and Future Lifestyle Plan Investor Report for the six months ended 31 March 2016 1 Getting the most from your Investor Report Your Investor Report makes it easy for you to see how
More informationSCOTTISH WIDOWS WITH-PROFITS BONUS RATES
SCOTTISH WIDOWS WITH-PROFITS BONUS RATES Scottish Widows announces changes to bonus rates for its with-profits policies as of 1 January 2018. Regular bonus has been added to 250,000 unitised with-profits
More informationPrudential Dynamic Growth Funds Quarterly Update Quarter
Prudential Dynamic Growth Funds Quarterly Update Quarter 2 2018 This is for information only and is designed for Investment Professionals. This is the quarterly update for the Prudential Dynamic Growth
More informationFlexible Pension Plan
Flexible Pension Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard
More informationJanuary Standard Life Ireland MyFolio Market funds Combined updates and commentary
January 2018 Standard Life Ireland MyFolio Market funds Combined updates and commentary Standard Life Ireland MyFolio Market I Fund update January 2018 Performance Cumulative return Annualised return Fund
More informationRoyal Ordnance Pension Scheme. Your investment choices
Royal Ordnance Pension Scheme Your investment choices Contents 02 Important information you should read 05 Guidance notes 08 Where you can invest your money 09 Lifestyle Profiles 13 Core fund range This
More informationStakeholder Pension Plan
Stakeholder Pension Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard
More informationScottish Equitable plc 2016 annual report to with-profits investors
For customers Scottish Equitable plc 2016 annual report to with-profits investors For the year to 31 December 2016 June 2017 Scottish Equitable and with-profits In this report you can find details of how
More informationBy John Praveen, Chief Investment Strategist of Prudential International Investments Advisers, LLC.*
By John Praveen, Chief Investment Strategist of Prudential International Investments Advisers, LLC.* For Market Commentary Interviews Contact: Lisa Villareal, 973-367-2503/lisa.villareal@prudential.com
More informationDeposit Administration Fund (DAF) factsheet
For customers With-Profits Investments Deposit Administration Fund (DAF) factsheet Quarter two 2018 Fund information Fund provider Aegon Fund description The DAF fund offers a guarantee that the unit price
More informationMarch PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy
PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy March 2016 Stocks likely to Recover Further with Improving Growth & Recession Fears Easing, Fresh Stimulus from
More informationHow to choose the right investment options for your pension
How to choose the right investment options for your pension Contents 02 Section 1 Information and guidance 02 Important information 05 Guidance notes 11 Section 2 Where you can invest your money 13 Full
More informationTHE GUARANTEED RETURN FUND US$ ANNUAL REPORT 2016
THE GUARANTEED RETURN FUND US$ ANNUAL REPORT 2016 The Deposit Administration Fund generali-worldwide.com INDEX 1 Global Economic back-drop & Macro Situation... 3 2 US Financial Markets... 4 3 The US Dollar
More informationHow to choose the right investment options for your pension
How to choose the right investment options for your pension Contents Section 1 Information and guidance 02 Important information 06 Guidance notes Section 2 Where you can invest your money 14 Your options
More informationExplore the themes and thinking behind our decisions.
ASSET ALLOCATION COMMITTEE VIEWPOINTS Fourth Quarter 2016 These views are informed by a subjective assessment of the relative attractiveness of asset classes and subclasses over a 6- to 18-month horizon.
More informationTrust Based Pension Plan
Trust Based Pension Plan Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard
More informationSelf Invested Personal Pension and Group Self Invested Personal Pension
Self Invested Personal Pension and Group Self Invested Personal Pension Instruction for payment of death benefits Who this form is for You should complete this form to let Standard Life know how you would
More informationInvestment Report The Flexible Guarantee Bond and Flexi Guarantee Plan
Investment Report 2011 The Flexible Guarantee Bond and Flexi Guarantee Plan The Flexible Guarantee Bond and Flexi Guarantee Plan Investment Report 2011 This information does not constitute investment advice
More informationInvesting in onshore bonds
Investing in onshore bonds Open up your options with our Tailored Investment Bond Before you decide to buy, you need to know what the risks and commitments are. Read our key features document (TNB17).
More informationJul-Sep st Preliminary GDP Estimate
Japan's Economy 16 November 2015 (No. of pages: 5) Japanese report: 16 Nov 2015 Jul-Sep 2015 1 st Preliminary GDP Estimate Second consecutive quarter of negative growth due mainly to inventory adjustment
More informationNovember *EU Periphery Sovereigns include government bonds from EU nations that require large subsidies to keep their economies stable.
November 2011 European debt concerns and slowing growth - have fuelled the rally in core government bonds. Risk aversion has stimulated safe haven demand, while disappointing economic data has forced inflation
More informationSelf Invested Personal Pension for Wrap
Self Invested Personal Pension for Wrap Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is an independent financial services regulator.
More informationSeptember PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy
PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy September 2015 Stock Market Volatility likely to Remain Elevated in Near-term on China Concerns & Fed Uncertainty.
More informationExplore the themes and thinking behind our decisions.
ASSET ALLOCATION COMMITTEE VIEWPOINTS First Quarter 2017 These views are informed by a subjective assessment of the relative attractiveness of asset classes and subclasses over a 6- to 18-month horizon.
More informationPrudential International Investments Advisers, LLC. Global Investment Strategy March 2010
Prudential International Investments Advisers, LLC. Global Investment Strategy March 2010 By John Praveen, Chief Investment Strategist For Market Commentary Interviews Contact: Lisa Villareal, 973-367-2503/lisa.villareal@prudential.com
More informationEquitable Investment Funds
The Equitable Life Assurance Society Equitable Investment Funds IMPORTANT: PLEASE READ CAREFULLY If there is anything which you do not understand, or if you would like more information about any aspect,
More informationThe usage of surveys to overrun data gaps: Bank Indonesia s experience
The usage of surveys to overrun data gaps: Bank Indonesia s experience Hendy Sulistiowaty and Ari Nopianti I. Introduction The global economic recession that triggered in late 2007 in the United States
More informationWrap ISA and. Wrap Personal Portfolio. Key Features. Helping you decide. 2. Your commitment. 1. Its aims
Wrap ISA and Wrap Personal Portfolio Key Features This key features document is for UK residents only. The Financial Conduct Authority is a financial services regulator. It requires us, Standard Life,
More informationGlobal Economic Outlook - July 2018
Global Economic Outlook - July 2018 July 5, 2018 by Carl Tannenbaum, Ryan James Boyle, Brian Liebovich, Vaibhav Tandon of Northern Trust The world economy generally performed well during the first half
More informationGroup Personal Pension Flex
Group Personal Pension Flex Key features This is an important document. Please read it and keep for future reference. Key features document: Pages 1 18 Terms and conditions for joining: Pages 18 24 The
More informationFinancial Market Outlook & Strategy: Stocks Bottoming On Track to Recovery. Near-term Risks
For Market Commentary Interviews Contact: Lisa Villareal, 973-367-2503/lisa.villareal@prudential.com Financial Market Outlook & Strategy: Stocks Bottoming On Track to Recovery. Near-term Risks John Praveen
More informationCorporate Stakeholder Pension Plan
Corporate Stakeholder Pension Plan Key features This is an important document. Please read it and keep for future reference. Key features document: Pages 1 15 Terms and conditions for joining: Pages 15
More informationConsolidated Investment Report
Consolidated Investment Report September 2015 As Palm Beach County s Chief Financial Officer, the Clerk & Comptroller is charged with safeguarding and investing all County funds. The Clerk s management
More informationREPORT TO SCOTTISH WIDOWS WITH-PROFITS POLICYHOLDERS
REPORT TO SCOTTISH WIDOWS WITH-PROFITS POLICYHOLDERS REPORT ON PRINCIPLES AND PRACTICES OF FINANCIAL MANAGEMENT (PPFM) FOR 2017 THIS ANNUAL REPORT TELLS YOU HOW WE HAVE MANAGED THE SCOTTISH WIDOWS WITH-PROFITS
More informationQuarterly market summary
Quarterly market summary 2nd Quarter 2018 Economic overview There was increasing evidence over the quarter that global economic growth seems to be moderating somewhat albeit from high levels seen in 2017
More information2nd Quarter 2016 Overview
2nd Quarter 2016 Overview The U.S. economy is reasonably strong, with steady growth since 2009 and a 4.9% unemployment rate. The U.S. dollar has also been quite strong. Some of the dollar rally reflects
More informationThe All-In-1 Investment Bond and Guaranteed Capital Bond. Investment Report 2016
The All-In-1 Investment Bond and Guaranteed Capital Bond Investment Report 2016 The All-In-1 Investment Bond and Guaranteed Capital Bond Investment Report 2016 This information does not constitute investment
More informationGauging Current Conditions: The Economic Outlook and Its Impact on Workers Compensation
Gauging Current Conditions: The Economic Outlook and Its Impact on Workers Compensation The exhibits below are updated quarterly to reflect the current economic outlook for factors that typically impact
More informationMain Economic & Financial Indicators The Czech Republic
Main Economic & Financial Indicators The Czech Republic 15 OCTOBER 215 NAOKO ISHIHARA ECONOMIST ECONOMIC RESEARCH OFFICE (LONDON) T +44-()2-7577-2179 E naoko.ishihara@uk.mufg.jp The Bank of Tokyo-Mitsubishi
More informationA guide to how we manage your unitised. with profits. investment. This is an important document that you should read and keep.
with profits an introduction to unitised with FUND profits GUIDE 1 A guide to how we manage your unitised with profits investment. This is an important document that you should read and keep. 2 An introduction
More informationINFLATION REPORT PRESS CONFERENCE. Thursday 10 th May Opening Remarks by the Governor
INFLATION REPORT PRESS CONFERENCE Thursday 10 th May 2018 Opening Remarks by the Governor Three months ago, the MPC said that an ongoing tightening of monetary policy over the next few years would be appropriate
More informationPrudential International Investments Advisers, LLC. Global Investment Strategy February 2010
Prudential International Investments Advisers, LLC. Global Investment Strategy February 2010 By John Praveen, Chief Investment Strategist For Market Commentary Interviews Contact: Lisa Villareal, 973-367-2503/lisa.villareal@prudential.com
More informationMyFolio Funds customer guide
MyFolio Funds customer guide Contents 03 The big questions to get you started 04 Make the most of your financial adviser 04 Choosing the right investment 06 Why spreading the risk makes sense 07 How MyFolio
More informationTransfer Certificate. For a transfer from a Pension Scheme or Policy to Standard Life EPP/Group Plan PEN Filling in this form
Transfer Certificate For a transfer from a Pension Scheme or Policy to Standard Life EPP/Group Plan Filling in this form Standard Life in this form means Standard Life Assurance Limited This application
More informationCOMMENTARY NUMBER 372 April Trade Deficit, Bernanke Shift. June 9, Earthquake-Diminished Imports of Auto Parts Narrowed April Deficit
COMMENTARY NUMBER 372 April Trade Deficit, Bernanke Shift June 9, 2011 Earthquake-Diminished Imports of Auto Parts Narrowed April Deficit Trade Revisions Showed Somewhat Deeper Historical Shortfalls Mr.
More informationGLOBAL ECONOMIC OUTLOOK
JULY 2018 GLOBAL ECONOMIC OUTLOOK Feeling the Pinch The world economy generally performed well during the first half of 2018. A handful of emerging markets struggled, but their problems were at least partially
More information