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Product Performance

Our savings and investment products continue to provide inflation beating rates for our members. Learn about our product performances and where we invest for your benefit below.

Where is My Money Invested?

Kingston Unity Friendly Society Members invest in our With Profits fund to create returns for our Members’ savings. 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 low to medium risk investment.

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 them. This means Members save into a reduced risk fund while still receiving returns that are better than cash interest rates. You can see our declared bonus rates for 2017 by clicking on the link below.

View our 2017 Bonus Declaration

Key Performance Notes

  • A Strong, inflation beating Stocks & Shares ISA that has out-performed Cash ISA rates since its launch.
  • Offering honest and transparent rates with no hidden fees or extra management charges.
  • 2017 saw the Society's assets reaching their highest level in history - around £120 million.
  • A forward looking Society investing in a robust IT administration system, ensuring a modern financial services company.
Kingston Unity With Profits Allocation

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 low to medium 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 more about how we manage our With Profits fund

Product Breakdown

Below is a breakdown of the performance of each of our savings and investment products that are available to new Members.

Investment ISA

Tax-free and flexible saving up to the £20,000 annual allowance with our Investment ISA. Pay in regular payments or lump sums. Stop, start or change payments to suit as long as you remain within the Government’s ISA tax-free limits. Save from £25 per month or a lump sum of £500 or more. ISAs receive a reversionary rate and once this is added, it cannot be removed. A reversionary rate is the rate paid at the end of the year, thus reflecting the performance of the year.

Learn more about our Investment ISA
Product Bonus Rate Declared 2017Bonus Rate Declared 2016Bonus Rate Declared 2015Bonus Rate Declared 2014Bonus Rate Declared 2013
Investment ISA3.00%3.10%2.00%3.40%–

Investment Bond

Our Investment Bond allows for 5% penalty free annual withdrawals should you need it and on the 10th anniversary of the Investment Bond or each subsequent 10th anniversary, we guarantee you will be able to withdraw all money paid into the Bond as well as all bonuses added.

Learn more about our Investment Bond
Product Bonus Rate Declared 2017Bonus Rate Declared 2016Bonus Rate Declared 2015Bonus Rate Declared 2014Bonus Rate Declared 2013
Investment Bond2.50%2.50%–––

Junior ISA (JISA)

Offering fantastic benefits for parents and young account holders. Invest £4,260 tax-free in the 2018/19 tax year in a Junior ISA. Apply securely, online, in a few minutes. We accept regular payments of £5 or more per month and one-off payments from £10 up to the Government’s annual maximum limit. Junior ISAs receive a reversionary rate and once this is added, it cannot be removed. A reversionary rate is the rate paid at the end of the year, thus reflecting the performance of the year.

Learn more about our Junior ISA
Product Bonus Rate Declared 2017Bonus Rate Declared 2016Bonus Rate Declared 2015Bonus Rate Declared 2014Bonus Rate Declared 2013
Junior ISA3.00%3.10%2.00%3.40%–

Tax Exempt Savings Plan

Available only from Friendly Societies. You can save up to £25 per month in our Tax Exempt Savings Plan to build up a tax-free lump sum for the future – and you can even set up the plan so that it is paid out on a special birthday, anniversary or other important life events.

Learn more about our Tax Exempt Savings Plan
Product Bonus Rate Declared 2017Bonus Rate Declared 2016Bonus Rate Declared 2015Bonus Rate Declared 2014Bonus Rate Declared 2013
Tax Exempt Savings Plan1.50%1.50%1.75%2.25%2.25%

Child Tax Exempt Savings Plan

Available only from Friendly Societies, a Tax Exempt Savings Plan allows you to make regular monthly savings to build up a lump sum for the future. Where a child is concerned, saving for important life events such as further education, a gap year or driving lessons can ease the financial burden. Pay from £5 to £25 per month.

Learn more about our Child Tax Exempt Savings Plan
Product Bonus Rate Declared 2017Bonus Rate Declared 2016Bonus Rate Declared 2015Bonus Rate Declared 2014Bonus Rate Declared 2013
Child Tax Exempt Savings Plan1.50%1.50%1.75%2.25%2.25%

Regular Savings Plan

Our Regular Savings Plan allows you to save from as little as £15 per month or from £5 per month for children to build up a lump sum in the future. You will also benefit from life cover during the term of your plan. Save from £15 to £250 per month or £5 to £250 per month for children.

Learn more about our Regular Savings Plan
Product Bonus Rate Declared 2017Bonus Rate Declared 2016Bonus Rate Declared 2015Bonus Rate Declared 2014Bonus Rate Declared 2013
Regular Savings Plan1.00%1.00%1.25%1.75%1.75%

Notes: Bonus rates for Tax Exempt Savings Plans, Child Tax Exempt Savings Plans and Regular Savings Plans are applied to the Sum Assured and not the investment amount. Therefore these rates are not directly comparable to the rates of our other products. All rates declared above are net rates and no other charges are applied. The rate declared is based on the year starting 1st January and ending 31st December. Past performance is not a guide to future performance. Bonuses are not guaranteed, but once added to a product, they cannot be removed. Please ensure you carefully read the product information including the Key Information Documents and Terms and Conditions before you apply for a product.

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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