Frequently asked questions
Topics
- Principles and Practices of Financial Management
- Equity backing ratios
- General enquiries
- Claims enquiries
- How to complain
Equity backing ratios
Q. What is the current equity backing ratio?
A. See the table below:
| Class of Business | Equity backing ratio at 2010 |
|---|---|
| Life Assurance (Traditional Endowment) | 25% - 55% |
| Pension Plus | 0% - 20% |
| Versatile Individual Pension Plan | 0% - 20% |
| Buy out Plan | 0% - 20% |
| Personal and Participating Pension | 0% - 30% |
| Chargeable Rates | 0% |
| Deposit Administration | 0% |
| Pension Saver | 0% |
| Unitised With-Profit - Life | 25% - 65% |
| 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.