Instructions for completion of Form 55
1. Where the net assets held by the insurer for all the internal linked funds sharing the same underlying assets for pricing purposes exceed the lesser of £100m and 10% of the total internal linked funds (line 59 of Form 45), with the exception of share index tracker funds, any such internal linked fund which is in one of the categories listed in 2 must be reported in Form 55. Where a life fund and a pension fund share the same underlying assets, the fund must be reported for the main life series and the main pension series.
2. The fund types for column 2 are as follows:
life stock market managed fund life balanced managed fund life defensive managed fund life other managed fund life UK equity life overseas equity life property individual pension stock market managed fund individual pension balanced managed fund individual pension defensive managed fund individual pension other managed fund individual pension UK equity individual pension overseas equity individual pension property group managed fund stock market managed fund group managed fund balanced managed fund group managed fund group managed fund other managed fund group managed fund UK equity group managed fund overseas equity group managed fund property. 3. The amount in column 3 is the total net assets attributable to the fund.
4. Column 4 is the name of the largest series (by unit liability).
5. Column 5 is the annual unit management charge shown to 2 decimal places for the largest series, e.g. 0.75 for an annual charge of 0.75%.
6. Columns 6 and 7 are the prices used to value the unit liabilities. Where there has been a transfer of business during the financial year, the price shown in column 6 is from the previous insurer.
7. Column 8 is 100 x (column 7 – column 6) / column 6 shown to 2 decimal places, e.g. 20.00 for a 20% increase in unit price during the year.
