Chapt 18 - Shadow fund section

Discussion in 'SA2' started by MindFull, Oct 19, 2023.

  1. MindFull

    MindFull Ton up Member

    Morning,

    In the 5th paragraph, the notes say that "if a contract is partially invested in unit linked funds and partially invested in UWP funds...". Can a policy be invested in both UWP funds and UL funds and how would it work? I know UL policies have a choice of funds but I'm not sure if that is what is being referred to here. Is there any literature on this? I tried searching but couldn't find much. I'm unfamiliar with With profits business.

    Thanks!
     
  2. Em Francis

    Em Francis ActEd Tutor Staff Member

    Hi
    Yes, UWP funds can be an investment choice for a unit-linked customer, just like an equity fund or a property fund.
     

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