Former Scottish Life Fund bonus report for 2021

31 May 2022
Relevant planholders will be sent their statement packs on 9 June 2022.

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

Customer mailing pack

Key Points

  • The investments backing conventional with profits plans in the former Scottish Life fund returned +11.1% during 2021. For unitised with profits plans this was +13.6%.
  • On 31st December 2021 all policies were transferred from the former Scottish Life fund to the Royal London open fund.
  • We continue to target pay-outs at more than 100% of asset share.
  • Regular bonus rates were maintained at 0.1% for conventional with profits plans. We also haven't changed the regular bonus rate for most unitised with profits policies but for some groups of life policies we have increased the rate for 2022. Annual bonus rates applied to unitised with profits policies are between 1.25% and 3.0% depending on the type of policy.

How can I find out more?

Supporting information is available for planholders on our customer website.

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.