2021 Annual Bonus Rates Declared.  Investment Bond Rate Increased

The Society has declared its Order Insurance with profits annual bonus rates for the previous year, 2021. 

We are pleased to have maintained previously declared annual bonus rates.  The annual bonus rate on our Investment Bond has increased by 0.25% to 1.25%.

2021 Annual Bonus Rate (after annual management charge deduction)
Investment Bond1.25%
Lifetime ISA1.25%
Junior ISA1.25%
Child Trust Fund1.50%
50+ Life Cover Policy0.50%

For all other plan types, the declared annual bonus rate will be confirmed in your annual bonus statement which is sent later in the year.  2021 bonus rates will take effect on policies from 1st March 2022.

How does a with profits fund work?
Any profits generated by the Order Insurance with profits fund in the previous calendar year (January to December) are used to add an annual bonus to savings plans the following year.  And possibly a final bonus when the plan ends.  The addition of bonuses will increase your plan’s value.

In adverse investment conditions, the Society reserves the right to apply a Market Value Reduction (MVR) for plans leaving the fund.  This is to protect remaining investors during times of market uncertainty.  We can confirm that we are not applying MVRs on plans currently.  The Society prides itself on the fact we have never applied an MVR.

The addition of any bonus is not guaranteed and you may not get back the full amount originally invested, dependent on the investment conditions at withdrawal.