Scottish Amicable With Profits


RWP Research Findings, Overview and Comments


In considering any company and its with-profits RWP will look to assess a range of factors which will include: the company’s management record; its transparency of information, its financial strength; its prospects for providing future returns and the nature of its with-profits approach.

In this regard we believe that Scottish Amicable is a good performer.

They are owned by Prudential who are the biggest player in the with-profits market with around £80 Billion of funds in this sector; most of this is housed in their main with-profits sub fund which remains open to new business. However they also look after the Scottish Amicable Insurance Fund, which on its own has approximately £6 Billion invested and this fund is closed.

We feel the Scottish Amicable fund has reasonable historic returns and past performance and is in a financially strong position with Prudential’s backing. Many policies have some form of guarantee in place, although conversely there are MVRs being applied or that have been applied quite widespread, which dampen the position somewhat. There could be enhancements from inherited estate payments as the fund continues to wind down.

Apart from the MVR position, the overall status and performance of this fund suggest future prospects for policyholders are good.

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Company ownership position

The Scottish Amicable fund is owned by Prudential.


Company history

Scottish Amicable was founded in 1826 in Glasgow as the West of Scotland Life Insurance Company. It was acquired by Prudential in 1997.

With-profits funds run by the company

This fund is known as the Scottish Amicable Insurance Fund.


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For information on how Scottish Amicable approach the management of their with-profits please click here:


Please remember that any of our summary findings or conclusions are general; an appraisal of the general position for that company. There will be situations where an individual policyholder with a company that is ‘good’’ may want to look at surrendering or transferring their policy (for example to secure a guarantee or because it does not suit their risk position), likewise there will be situations where policyholders with a ‘poor’ company want to stick with what they have (for example because the penalty of exiting will be too great). Nothing can replace getting a report based on your unique circumstances; it is only this unique, personalised report which will provide the information that will instruct you on your circumstances regardless of the company and our general comments.


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Please note the information on these pages should not be used in any way or form as the basis for any decision about your with-profits investment or plan. RWP makes every attempt to ensure that all information is up to date and accurate but RWP cannot be held responsible for any of the detail provided. The information above is published to act as a broad guide to the Company’s position, history and future prospects. However any decision about your own with-profit plan should only be taken after you have sought and received qualified advice from an appropriate regulated advisory source and should be based entirely on that advice.


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