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Where is my money invested?

Learn how we invest through the Society's fund to create returns for our Members' savings

Kingston Unity Members invest in the Society’s With Profits fund

Kingston Unity Friendly Society Members invest in our With Profits fund. The aim of the fund is to offer savers a better return than more traditional cash saving accounts that you would find with banks, but without entering a high-risk investment environment with their savings. This is achieved by spreading the investment over different assets, and as such our fund is considered a medium to low risk investment. If you hold a Kingston Unity Investment ISA, Friends & Family Junior ISA, Investment Bond, Tax Exempt Savings Plan or Regular Savings Plan then your money is invested in our With Profits fund.

Owned and run by our Members

We are owned and run by our Members and not for shareholder profit, meaning that any surplus profit is distributed directly back to our Members in the form of an annual bonus. Bonuses are not guaranteed but once added, cannot be removed. Many of our products also offer further peace of mind with money back guarantees as well. We’ve been operating this way for over 179 years and our Member first ethos remains at the heart of everything we do. You can see our declared bonus rates for 2019 by clicking on the link below.

Download our 2019 Bonus Declaration

Key performance notes

  • Our Investment ISA produced a robust, inflation beating return that has out-performed Cash ISA rates for the sixth year in a row.
  • We are proud to deliver honest and transparent rates with no hidden fees or extra management charges to our Members.
  • Investments over 2019 have performed strongly and generated good returns for our Members.
  • Irrespective of market turbulence, the integrity and vision of the Society has held fast with bonus rates applied and product guarantees maintained.
Kingston Unity WIth Profits Asset allocation - 2020

Where do we invest?

Our With Profits fund invests in a range of different areas such as property, shares, cash and bonds, to provide Members with a medium to low risk investment option. The aim of the fund is to offer savers a better return than more traditional cash saving options that you would find with banks, but without entering a high-risk investment environment with their savings. In addition to this, Kingston Unity applies a process known as Smoothing to produce a more consistent annual return for its members. You can learn more about Smoothing on the link below.

Learn how we manage our With Profits fund

We've been helping our members secure their financial futures for over 179 years

Learn more about our Society

Please Note: You must confirm you have read the key facts, before downloading this document.

Key Facts about our services and costs

1. The Financial Conduct Authority (FCA)

The FCA is the independent watchdog that regulates financial services. This document is designed by the FCA to be given to consumers buying certain financial products. You need to read this important document. It explains the service you are being offered and how you will pay for it.

2. Whose products do we offer?

We offer products from the whole market

We only offer products from a limited number of companies

We only offer our own products

3. Which service will we provide you with?

We will advise and make a recommendation for you after we have assessed your needs.

You will not receive advice or a recommendation from us. We may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed.

We will provide basic advice on a limited range of stakeholder products and in order to do this we will ask some questions about your income, savings and other circumstances but we will not:

  • conduct a full assessment of your needs;
  • offer advice on whether a non-stakeholder product may be more suitable.

We can only offer products from Kingston Unity Friendly Society. These products will enable you to:

  • protect yourself and your loved ones in the event of death
  • save and invest with the added benefit of protecting yourself and your loved ones in the event of death
  • provide benefit cover in the event of sickness

4. What will you have to pay us for our services?

Normally, if you buy a financial product direct from us, there will be no payments such as commission or fees payable. If there are any commission or fees payable, we will tell you how we get paid and the amount before we carry out any business for you.

5. Who regulates us?

Kingston Unity Friendly Society, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and .the Prudential Regulation Authority. Kingston Unity Friendly Society’s FCA Registered Number is 110056.

Kingston Unity Friendly Society permitted business is advising and arranging life assurance and pensions business.

You can check this on the FCA’s Register by visiting the FCA’s website www.fsa.gov.uk/register or by contacting the FCA on 0845 606 1234.

6. What to do if you have a complaint

If you wish to register a complaint, please contact us:
…in writing Write to Kingston Unity Friendly Society, Complaints Department, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ. …by phoneTelephone (01924) 240164

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

7. Are we covered by the Financial Services Compensation Scheme (FSCS)?

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.

Most types of insurance business are covered for 90% of the claim with no upper limit.

I have read the above

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