Change to Confederation Life With-Profits Fund
On 31 March 2015 we changed all of the plans in the Confederation Life With-Profits Fund into plans which will provide guaranteed fixed benefits in the future. We wrote to customers in December 2014 to explain and provide advance notice of the change. This leaflet provides more detail about the change.
In June 2015 we sent customers an endorsement to their plan Terms & Conditions and a statement to confirm the plan value and future guaranteed increases. We will continue to send customers a statement every year so that they can keep track of their plan value and benefits.
For more information please contact us.