Performance

According to Moneyfacts Investment Life & Pensions Magazine, September 2019 (PAST PERFORMANCE IS NOT A GUIDE TO THE FUTURE)

According to Moneyfacts Investment Life & Pensions Magazine, September 2019 (PAST PERFORMANCE IS NOT A GUIDE TO THE FUTURE)

Past Performance Results for With-Profits Savings & Investment Plans -

Moneyfacts Investment, Life and Pensions Magazine published an independent survey which compares traditional with-profits saving plan returns. Sheffield Mutual continues to deliver market-leading returns to regular premium policyholders over 10, 15, 20 and 25 years.

Click the link below to see the full results.

With Profits Endowment - Past Performance Results (1.5M, .PDF)

Bonus Rates

The current and past bonus rates can be found in the table below. The 2020 interim rate is used for maturities and claims prior to the next declaration. It is not a reliable indicator of future bonus rates.

 

 

Current & Previous Bonus Rates

 

2020 interim rate

2019

2018  

2017

2016       

Investment ISAs*        3.50% 4.00% 4.50% 4.50%  4.75%
Investment Junior ISAs*       3.75% 4.25% 4.50% 4.50%   4.75%
Tax Exempt Savings Plan New Issue (Type 43)         0.70% 0.95% 1.20% 1.20%   1.50%
Tax Exempt Savings Plan Old Issue (Type 23)        0.50% 0.75% 1.00% 1.00%   1.30%
Tax Exempt Savings Plan with Life Assurance (Type 24)         0.50% 0.75% 1.00% 1.00%   1.30%
Regular Savings Plan New Issue (Type 47)        0.50% 0.75% 1.00% 1.00%   1.10%
Regular Savings Plan Old Issue (Type 27)        0.30% 0.55% 0.80% 0.80%   1.00%
Investment Bond         1.50% 2.00% 2.50% 2.50% 2.75%
Income Bond        1.75% 2.25% 2.75% 2.75% 3.00%
Pension Bond        2.00% 2.50% 3.00% 3.00% 3.25%

*Before deduction of the 1.50% annual management charge for ISAs/JISAs

Final bonuses are not currently being paid due to difficult global market conditions but can be reinstated at any time should financial markets improve and stabilise.

This page will be updated as soon as final bonuses are reinstated.

Key Facts

Key Facts20192018201720162015
Premium Income £m* 20.7 16.8 19.7 17.5 13.05
Total Assets £m 175.0 144.3 138.4 113.8 90.4
Number Of Members* 11,941 11,635 11,294 10,678 9,955
Number Of Policies* 16,518 15,604 14,837 13,654 12,416

* Excluding Child Trust Fund.

2019 Business & Financial Highlights: 

  • Total assets increased by 21.2% to £175.0 million (2018: £144.3 million)
  • Traditional membership grew by 3% to 11,941 (2018: 11,635)
  • Total number of traditional policies increased by 6% to 16,518 (2018: 15,604)
  • Including the Child Trust Fund the Society now has 79,741 policies and accounts

After a turbulent end to 2018, we saw an immediate upturn in global stock markets at the start of the year which continued throughout 2019, driven by the  de-escalation of geopolitical tensions and a reduction in the uncertainty surrounding Brexit following the snap general election in December. Our UK equity portfolio provided a 20% return, with overseas equities recording 25% gains and corporate bonds yielding 10%. 
 
The property portfolio continues to provide consistency  for the overall fund by delivering a respectable 6% return.  As seen in the table above, the Society achieved premium income of £20.7m with assets rising to £175.0m. Our popular ISA and Investment Bonds continued to attract new members to the Society due to our competitive rates and the level of service provided by our expanding team. Member satisfaction surveys also show an impressive overall satisfaction score of 95%. Thanks to the quality and diversity of the Society’s underlying assets, a very strong investment return of 10.2% was achieved.

However, as a result of the ongoing pandemic, it was necessary to reflect the significant market slump experienced during the first quarter of 2020 and the historically low Bank of England interest rate within the declared rates for 2019. The declared rates remain very competitive and should provide our members with the reassurance that the Society is sufficiently robust to persevere through the current crisis.

 

Asset Allocation

We hold a significant proportion of commercial property as we can generate good yields from long term leases with reputable tenants. We maintain a reasonable exposure to shares in order to maintain the value of investments over time but hold some of the funds in other assets to improve diversification and spread risk. Please see the asset allocation mix below as at 31 December 2019:

Pie Chart 2019

Why choose Sheffield Mutual?

  • The majority of our products have a guaranteed sum assured (final amount) for more than you will pay in
  • As a mutual we have no shareholders to satisfy so all our surplus profits are shared with you, our members
  • When you contact Sheffield Mutual you can be guaranteed a friendly and personal service, you will never be put through to a call centre
  • The Society offers discretionary member benefits such as optical and dental grants, the Tell-a-Friend scheme as well as access to benefit portal, BenefitHub

If you require any further explanations as to how these figures have been produced, please do not hesitate to contact us on 01226 741000 or email us at enquiries@sheffieldmutual.com.

We're Ethical

It is our aim not to invest knowingly or directly in industries relating to armaments, tobacco, gambling or pornography.

Need Help? Ask a question Need Help? Ask a question

Send to a friend