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This page relates to the National Mutual With-Profit Fund

The National Mutual With-Profit Fund was established on 31st December 2007 by the scheme that transferred the with-profit business from NM Pensions Limited (Tomorrow^TM) to Windsor Life Assurance Company Limited. It primarily contains the business originally written by National Mutual Life Assurance Society which was held in the National Mutual Fund.

Annual Reports for Policyholders

Board Report

Please click here to view the 2009 Board Report to policyholders, dated June 2010 (268Kb). Please note that this board report relates to the former National Mutual Fund.

This report covers governance arrangements within the Company; the exercise of discretion; compliance with the PPFM; competing or conflicting rights; interests and expectations.

• More information:

• Principles and practices of financial management (PPFM)
• Consumer friendly PPFM
• Annual reports to policyholders
• Current With-Profits policy bonus rates
• With-Profits fund asset mix
• Market value reductions (MVRs)