With-Profits Fund

Our With-Profits Fund is at the heart of Metfriendly's financial success.

What is it?

Essentially, the With-Profits Fund is where all our members’ money is invested on their behalf.

The fund is invested in a mixture of assets spread across several investment funds. These assets are equities, commercial property, bonds and cash. You can see the year-end ‘investment mix’ in the pie-chart.

Fund mixture as at 31 December 2021

ALL profits are eventually distributed back to our With-Profits members in the form of annual bonuses and normally a final bonus.

How it works

When Metfriendly’s investments perform well and produce a profit we aim to distribute this to our members by adding bonuses. Sometimes however, adverse market conditions (or a poor long-term outlook) may mean it’s necessary to lower our bonus rates.

We keep about half of our total funds in bond and cash funds to provide the necessary security for the benefits that we guarantee to pay – the Sum Assured and all Annual Bonuses so far added to members’ with-profits contracts and to back our policies which are not with-profits (guaranteed savings and protection plans).

It’s growing!

The fund has grown significantly over the years and now stands at over £200 million. We are proud of our past performance – that is, the returns we have achieved for our members.

More details

Considerable detail as to how we manage the With-Profits Fund and members’ benefits is given in the full Principles and Practices of Financial Management.

A more ‘consumer friendly’ summary aimed at explaining the salient points can be found in How We Manage The With-Profits Fund.


‘I would recommend Metfriendly to everyone.’

Mrs V Thompson, Dagenham

‘I have always been pleased with the returns from my Metfriendly policies.’

Mr P Payne, Bordon

‘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.’


Amanda Cooper (Met CC, Bow)

‘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.’

Mrs A Cooper, Met CC, Bow

‘Hassle-free savings that are started every year on my behalf, without me having to call up.’


D.C. R McLaren, Hackney Borough Stations

Very happy with the service. I have a number of policies for myself and my children.

Police Sergeant S Drysdale, DPS Borough Support

‘Very pleased with the service I’ve received to help me save money direct from my salary.’

DC Chris W, SO15

Great opportunity for family members to be offered the same offers as members.

Miss A McLeary, ESB

Good service – always very helpful and informative.

Miss J Coward, South Norwood, London