Offshore With-Profits

The Offshore With-Profits Fund is a part of Clerical Medical Investment Group Limited's With-Profits Fund, and the operation of this fund has a direct impact on your investment. Under a reinsurance agreement we pass a part of each investment to Clerical Medical Investment Group Limited to be invested in its With-Profits Fund. When an investor takes money out of the Offshore With-Profits Fund, Clerical Medical Investment Group Limited passes back the amount payable out of its With-Profits Fund. In this way policies invested in the Offshore With Profits Fund may share in the profits earned in the Clerical Medical Investment Group Limited With Profits Fund.

Depending on the currency of investment, separate groups of assets are used to set bonus levels for different groups of investors, investing in different types of with-profits funds.

An offshore with-profits investment is a medium to long-term investment designed to generate capital growth and provide some guarantees over the medium to long term and also provide some stability against market ups and downs in the short term.

The guarantees vary between products and funds. Withdrawals from the Offshore With-Profits Fund when a guarantee doesn't apply, could mean you get back less than you invested.

Please visit our OWP literature page for more information about Offshore With-Profits.

For details of our regular bonus rates, terminal bonus rates and market value adjuster (MVA) rates please click on the links.

If you would like more information about the market value adjuster and when it applies, please see our MVA explained section.

If your Offshore With-Profits investment has an MVA-free date, you can also check your MVA-free options.