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Equity Backing Ratios

What is the current Equity Backing Ratio?

Class of Business	Equity Backing Ratio at 2007
Life Assurance (Traditional Endowment)	25% - 55%
Pension Plus	0% - 20%
Versatile Individual Pension Plan	0% - 20%
Buy-out Plan	0% - 20%
Personal & Participating Pension	0% - 30%
Chargeable Rates	0%
Deposit Administration	0%
Pension Saver	0%
Unitised With Profit - Life	20% - 60%
Unitised With Profit - Pension	40% - 75%

The Equity Backing Ratio within each class of business may vary from policy to policy, depending on when the policy was taken out and how long is left to maturity/retirement.

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