If you have savings or investment plans with Metfriendly you should receive your Annual Statement by early March each year.
With this, you should also receive our Guide to Understanding your Annual Statement leaflet.
If you have savings or investment plans with Metfriendly you should receive your Annual Statement by early March each year.
With this, you should also receive our Guide to Understanding your Annual Statement leaflet.
The fund is invested in a mix of equities, commercial property, corporate bonds and cash and therefore not solely dependent on one market.
Any payments made to our members by way of an annual or final bonus must reflect the way in which the value of the fund has performed throughout the period of investment.
The Society aims to avoid large changes in the bonuses paid from year to year by applying smoothing.
It is a process designed to protect the investor from sudden movements in the stock-market.
In practice, smoothing means we hold back some of the high investment returns from the good years and use them to boost with-profits payments in years where returns are lower.
The Society aims to keep charges for its costs as low as possible and these are reviewed annually.
All costs are deducted prior to annual and final bonuses being applied.
We do not pay commission to anyone.
These are endowment type plans which have a sum assured that is slightly lower than the premiums which will be paid by the time the policy matures.
Tables 8, 10, 11, 12, 14, 15, and 21.
The value increases as contributions or premiums are paid into the policy. The total benefit (final column) is the amount paid to 31 December plus all annual bonuses from previous years (including the statement year).
Tables 19, 24, 25, 26, 27, 28, 29, 30 and 31.
The Guaranteed Five-Year Savings plan and the various protection protects Metfriendly offer – Income Protection, Critical Illness Cover and Tables 17 (DTA) and 23 (LTA). These products are not affected by the returns on the With-Profits Fund.
We have to reflect the return we make on our investments, even in bad times. Therefore, a negative bonus or market value reduction (MVR) may be applied to adjust the surrender values accordingly.
Please note that an MVR would not apply to maturity values or death claims.
‘I’ve used Metfriendly for the last 5 years and recently the money has gone towards a deposit for our house which we are moving into next month. I will be signing back up next month to help save towards my kids future.’
Great opportunity for family members to be offered the same offers as members.
‘I would recommend Metfriendly to everyone.’
Very happy with the service. I have a number of policies for myself and my children.
‘Hassle-free savings that are started every year on my behalf, without me having to call up.’
‘Very pleased with the service I’ve received to help me save money direct from my salary.’
Good service – always very helpful and informative.
‘I’ve used Metfriendly for the last 5 years and recently the money has gone towards a deposit for our house. I will be signing back up next year to help save towards my kids future.’
‘I have always been pleased with the returns from my Metfriendly policies.’